SOLUTION: Gwen bought a new Toyota Corolla. The selling price plus the 8% state sales tax was $15,714. What was the selling price?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Gwen bought a new Toyota Corolla. The selling price plus the 8% state sales tax was $15,714. What was the selling price?      Log On


   

Question 315708: Gwen bought a new Toyota Corolla. The
selling price plus the 8% state sales tax was $15,714. What
was the selling price?
Answer by nerdybill(7384) About Me  (Show Source):
You can put this solution on YOUR website!
The
selling price plus the 8% state sales tax was $15,714. What
was the selling price?
.
Let P = selling price
then
P + .08P = 15714
P(1+.08) = 15714
P(1.08) = 15714
P = 15714/1.08
P = $14,550