SOLUTION: A new television set was recently purchased for the common room in a Residence Hall for $486 including tax. If the tax rate is 8% ​, find the price of the television set before

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A new television set was recently purchased for the common room in a Residence Hall for $486 including tax. If the tax rate is 8% ​, find the price of the television set before       Log On

If x is the price BEFORE the tax, then we have this equation for x


    (1+0.08)*x = 486  dollars


    x =  =  450  dollars.    ANSWER