Inclusive of a 6.6% sales tax, a diamond ring sold for $1812.20. Find the price of the ring before the tax was added. (Round to nearest cent if necessary.)

Answer 1

Cat

If price before tax is p

Price after tax is p + 0.066 p (6.6 % = 6.6 /100 = 0.066).

= 1.066 p

1.066 p = 1812.20

p = 1812.20 / 1.066 (then just round this to the nearest cent)

Mike