Question

Total Price: The sales tax rate is 4%. If the sales tax on a 10-speed bicycle is $6, what is the purchase price?The purchase price is $What is the total price?The total price is $

Answer 1

Sale tax rate: 4%

Sale tax price : $6

Purchase price (x) multiplied by the tax rate in decimal form (divided by 100) must be equal to the sale tax amount:

x (4/100) = 6

Solve for x:

0.04x = 6

x = 6/0.04

x= $150

Purchase price: $150

Total price= purchase price + sale tax amount= 150+6 = $156