a fax machine is 446.40 with tax, tax is 8 percentage, what is the cost price

Question

a fax machine is $446.40 with tax. the tax is 8%, how to find the cost price of the fax machine before price?

 

Answer 1

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

Answer 2

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