SOLUTION: Inclusive of a 6.8% sales tax, a diamond ring sold for $2349.60. Find the price of the ring before the tax was added. (Round to the nearest cent, if necessary.)
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Question 1171392: Inclusive of a 6.8% sales tax, a diamond ring sold for $2349.60. Find the price of the ring before the tax was added. (Round to the nearest cent, if necessary.)
The equation is
(1 + 0.068)x = 2349.60, or
1.068x = 2349.60.
The equation says that the price before the tax "x" plus the tax (0.068x) make the total of $2349.60.
From the equation, x = = use your calculator = 2200.
ANSWER. The price of the ring before the tax is $2200.00.
