SOLUTION: Solve the problem by stating the equation you would use to solve and then solving it. Be sure to show all of your work. Midtown Antiques collects 6% sales tax on all sales. If tot

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Solve the problem by stating the equation you would use to solve and then solving it. Be sure to show all of your work. Midtown Antiques collects 6% sales tax on all sales. If tot      Log On


   



Question 572033: Solve the problem by stating the equation you would use to solve and then solving it. Be sure to show all of your work.
Midtown Antiques collects 6% sales tax on all sales. If total sales including tax are $2300.14, find the portion that is sales tax. Round to the nearest cent.
Linda

Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
Midtown Antiques collects 6% sales tax on all sales.
If total sales including tax are $2300.14,
find the portion that is sales tax. Round to the nearest cent.
:
Find the amt of the sales (s) without the sale's tax
1.06s = 2300.14
s = 2300.14%2F1.06
s = 2169.94
therefore
2300.14 - 2169.94 = $130.20 amt of sales tax
Or
2169.94 * .06 = $130.20