Answered

Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

The total (after-tax) cost of a laptop computer is $1567.99. The local sales tax rate is 5.5%. What is the retail (pre-tax) price?The retail (pre-tax) price of the computer is s(Simplify your answer. Round to the nearest cent as needed.)

Sagot :

ANSWER

[tex]1486.25[/tex]

EXPLANATION

The total (after-tax) cost is $1567

Tax rate is 5.5%

Let the retail ( pre-tax ) price be x

Hence;

[tex]\begin{gathered} x+5.5\%x=1567.99 \\ x+\frac{5.5x}{100}=1567.99 \\ \frac{100x+5.5}{100}=1567.99 \\ \end{gathered}[/tex]

Cross multiply and solve;

[tex]\begin{gathered} \frac{100x+5.5}{100}=1,567.99 \\ 100x+5.5x=156799 \\ 105.5x=156799 \\ x=\frac{156799}{105.5} \\ =1486.245 \end{gathered}[/tex]

Therefore, the retail price of the laptop is $1486.25

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.