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The sales tax rate is 9.25% and the sales tax is 16.15 what is the purchase price

asked
User Failsafe
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2 Answers

4 votes
The answer is 174.59
answered
User Joseph Cho
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8.7k points
3 votes

Answer:

174.59

Explanation:

To determine the sales tax, we multiply the price times the tax rate

tax = price * rate

16.15 = price * 9.25%

Changing to decimal form

16.15 = price *.0925

Divide each side by .0925

16.15/.0925 = price *.0925/.0925

174.5945946 = price

Rounding to the nearest cent

174.59

answered
User Tigger
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8.1k points

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