Given : Brandon buys a radio for $43.99 .sales tax rate is 7%.sales tax is a consumption tax imposed by the government on the sale of goods and services.
Let the price of Radio before the sales tax be $x. Sales tax on $x is 7% x.
Price before sales tax + Amount of sales tax= Cost of Radio.
x+7%x =43.99
Or x+0.07x=43.99
1.07x=43.99
Dividing both sides by 1.07.
x= 41.11
Cost of Radio before tax = $41.11
Sales tax paid = 43.99-41.11= 2.88
Tax paid = $2.90 (To nearest cent)
Answer:
Sales tax paid = 43.99-41.11= 2.88
Tax paid = $2.90 (To nearest cent)
Step-by-step explanation:
Given : Brandon buys a radio for $43.99 .sales tax rate is 7%.sales tax is a consumption tax imposed by the government on the sale of goods and services.
Let the price of Radio before the sales tax be $x. Sales tax on $x is 7% x.
Price before sales tax + Amount of sales tax= Cost of Radio.
x+7%x =43.99
Or x+0.07x=43.99
1.07x=43.99
Dividing both sides by 1.07.
x= 41.11
Cost of Radio before tax = $41.11
Sales tax paid = 43.99-41.11= 2.88
Tax paid = $2.90 (To nearest cent)