Raymond B. answered • 11/27/20

Math, microeconomics or criminal justice

$446.40/1.08 = $413.33 rounded to nearest cent.

Bart P.

asked • 09/23/12a fax machine is $446.40 with tax. the tax is 8%, how to find the cost price of the fax machine before price?

Follow
•
1

Add comment

More

Report

Raymond B. answered • 11/27/20

Tutor

5
(1)
Math, microeconomics or criminal justice

$446.40/1.08 = $413.33 rounded to nearest cent.

Let x be the cost price of fax machine, and tax is 8% of cost price(x). Therefore,

x + (8/100)*x = 446.40

Solve for x.

x + 0.08x = 446.40

1.08x = 446.40

divide both sides by 1.08

x = 446.40/1.08

x = 413.33

The cost price of fax machine is 413.33

Ask a question for free

Get a free answer to a quick problem.

Most questions answered within 4 hours.

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.