SOLUTION: How do i find the amount of tax if the sales tax is 6% and no original price is included?
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Question 1118069
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How do i find the amount of tax if the sales tax is 6% and no original price is included?
Answer by
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In addition to the tax rate of 6%, you must know either the original price OR the amount of tax.
tax_amount = 0.06*(original_price)
So if you know the tax amount, you can solve to get original_price (by dividing both sides by the tax rate of 6% or 0.06) as follows:
original_price = tax_amount / 0.06