Problema Solution
A new television was purchased for a conference room at a local business for $524.79 including tax. If the local tax rate is 6.5%, find the price of the television before the tax. (Round answer to the nearest cent.)
Answer provided by our tutors
Here, Retail Price (including tax) = $524.79
Tax Rate = 6.5%
Price of the television before the tax = 524.79/ (1+ 0.065)
= 524.79/ 1.065
= $ 492.76056