SOLUTION: If I paid $500 total for one item and sales tax of 7.75% has already been added on, how do I find out what the base price is and how much the sales tax was?

SOLUTION: If I paid $500 total for one item and sales tax of 7.75% has already been added on, how do I find out what the base price is and how much the sales tax was?

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Question 323738: If I paid $500 total for one item and sales tax of 7.75% has already been added on, how do I find out what the base price is and how much the sales tax was?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
500/1.0775=$464.04
500-464.04=$35.96 tax
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