SOLUTION: I need to find the amount of sales tax that was paid. I only have the total amount paid of $186,421.53 and that the tax paid was 7.750%. Is there an equation that I can use to solv

Question 319330: I need to find the amount of sales tax that was paid. I only have the total amount paid of $186,421.53 and that the tax paid was 7.750%. Is there an equation that I can use to solve for the amount of the items purchased and the amount of the tax paid?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
I need to find the amount of sales tax that was paid. I only have the total amount paid of $186,421.53 and that the tax paid was 7.750%. Is there an equation that I can use to solve for the amount of the items purchased and the amount of the tax paid?
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Equation:
186,421.53*0.0775 = tax paid
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tax paid = $14447.69
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Cheers,
Stan H.
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