SOLUTION: If you pay a total bill of $55.00 how do I figure how much of that is taxes if the tax rate is 6.5%?

SOLUTION: If you pay a total bill of $55.00 how do I figure how much of that is taxes if the tax rate is 6.5%?

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Question 135946: If you pay a total bill of $55.00 how do I figure how much of that is taxes if the tax rate is 6.5%?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
If you pay a total bill of $55.00 how do I figure how much of that is taxes if the tax rate is 6.5%?
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Let the original amount of the bill be "x".
EQUATION:
x-0.065x = 55
x(1-0.065)=55
x = 55/0.93.5
x = $58.82
===============
Cheers,
Stan H.
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