SOLUTION: The total cash payment for an item is $79.55. If there is 7.50% sales tax included in this payment, what is the base price?
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Question 612680: The total cash payment for an item is $79.55. If there is 7.50% sales tax included in this payment, what is the base price? Answer by nerdybill(7384) (Show Source):
You can put this solution on YOUR website! The total cash payment for an item is $79.55. If there is 7.50% sales tax included in this payment, what is the base price?
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Let b = base price
then
b + .075b = 79.55
b(1 + .075) = 79.55
b(1.075) = 79.55
b = 79.55/1.075
b = $74
