SOLUTION: A state sales tax rate is 4.8%. If the tax on a purchase was $23.76, what was the price of the purchase? A) $595 B) $395 C) $695 D) $495

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A state sales tax rate is 4.8%. If the tax on a purchase was $23.76, what was the price of the purchase? A) $595 B) $395 C) $695 D) $495      Log On

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Question 136402: A state sales tax rate is 4.8%. If the tax on a purchase was $23.76, what was the price of the purchase?
A) $595 B) $395 C) $695 D) $495

Answer by ptaylor(2198) About Me  (Show Source):
You can put this solution on YOUR website!
Let x=the price of the purchase
Sales tax on this purchase=0.048*x and we are told that this equals $23.76, so:
0.048x=$23.76 divide both sides by 0.048
x=$495
CK
495*0.048=23.76
23.76=23.76
Hope this helps---ptaylor