SOLUTION: if the total price of a dryer is $843.00 including tax of .08 times the list price what is the list price of the dryer?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: if the total price of a dryer is $843.00 including tax of .08 times the list price what is the list price of the dryer?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 653262: if the total price of a dryer is $843.00 including tax of .08 times the list price what is the list price of the dryer?
Answer by Shana-D77(132) About Me  (Show Source):
You can put this solution on YOUR website!
The total cost of anything is (cost + (tax*cost)). For example:
What's the total cost of a book that is $15 with a 5% tax?
A: 15 + (.05*15) or $15.75.
In your problem, you're given the final cost after tax and the tax %. So, your equation would be the same as above, just with different variables filled in:
843 = cost + (.08*cost)
843 = C + .08C (shortened "cost" to "C")
843 = 1.08C (added 1C + .08C)
Now, we can divide both sides by 1.08:
780.56 = Cost
The dryer list price (before tax) was $780.56.