You purchase pants and the tagged price plus the sales tax (at a rate of 6%) is $48.44. What is the tagged price on the pants?

Question

You purchase pants and the tagged price plus the sales tax (at a rate of 6%) is $48.44. What is the tagged price on the pants?

Answer 1

Let the tagged price be X

 

sales tax therefore = 6% * X

 

therefore X + 6/100 *X = 48.44

 

(100 + 6)/100 * X = 48.44

 

X = 48.44 * 100/106 = $45.70