SOLUTION: Please refresh my memory.
I have a total sales figure of $1200.00 which included 8% sales tax. I need to know what the figure was before sales tax.
I seem to have forgotte
Question 305505: Please refresh my memory.
I have a total sales figure of $1200.00 which included 8% sales tax. I need to know what the figure was before sales tax.
I seem to have forgotten completely how to do this and I know it is easy. Found 3 solutions by stanbon, Fombitz, checkley77:Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! I have a total sales figure of $1200.00 which included 8% sales tax. I need to know what the figure was before sales tax.
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Let the base price be "x"
Equation:
x + 0.08x = 1200
1.08x = 1200
x = 1200/1.08
x = $1111.11
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Cheers,
Stan H.