SOLUTION: The final cost of your new shoes is $96.74. The local sales tax rate is 7.5%. What was the retail (pre-tax) price of the shoes?

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Question 1036264: The final cost of your new shoes is $96.74. The local sales tax rate is 7.5%. What was the retail (pre-tax) price of the shoes?
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
Hi there,
100% - 7.5% = 92.5%
92.5% = $96.74
1% = $96.74/92.5
100% = $96.74/92.5 x 100
!00% = $104.58.
This is the pretax price.
Hope this helps :-)