Question

Cole purchased a bag of peanuts priced at $1.55 with a sales tax rate of 3.3%. What was the purchase price?

Answer 1

$1.60

Explanation:

100% represents the marked price thus

100% + 3.3% = 103.3% represents the purchase price

100% ---------------$1.55

1%--------------$1.55 / 100 = $0.0155

103.3%-------------------$0.0155 x 103.3 = $1.60115