Your charged 6% sales tax, you purchase a new bicycle and pay $27 in sales tax. What is the price of the bicycle?
Mathematics · Middle School · Tue Nov 03 2020
Answered on
Given:
Sales Tax Percentage = 6%
Sale Tax = $27
Determine the price of the bike.
Solution:
Since we are given the sales tax percentage and the sales tax price, in order to determine the original price of the bicycle, simply convert first the percentage into decimal. In order to do so, divide the percentage by 100, hence in converting a decimal into percentage, we multiply it by 100.
= 6/100
= 0.06
In order to find the original price of the bike, divide the sales tax price, by 0.06
=27/ 0.06
= $450
The bicycle price is $450.
To check if the answer is correct, we multiply $450 by 0.06 to find its tax.
= (450)(0.06)
= $27