Round your answer to the nearest cent.

Question

Charlotte found a receipt for a pair of sneakers for $128.09 tax included. If the sales tax rate was 5%, what was the list price of the sneakers? Round your answer to the nearest cent.

Answer 1

Let x = the price of the sneakers

 x + .05x = 128.09

1.05x = 128.09

x = $121.99

Answer 2

 

     5% = 0.05

 

 `100% + 5% = 105% = 1.05

 

 1.05X = 128.09

 

   X = 128.09/1.05 = 121.99