SOLUTION: The Sales tax for a screwdriver set came to $1.04. If the sales tax rate is 6.5% ,what was the price of the screwdriver?

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Question 342773: The Sales tax for a screwdriver set came to $1.04. If the sales tax rate is 6.5% ,what was the price of the screwdriver?
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
6.5% is the sales tax
..
you pay 6.5 when the price is 100
when you pay 1.05 the price = (1.05/6.5) * 100
= $ 16.15