SOLUTION: A new television set was $545.00 including tax. If the tax rate is 9% find the price of the tv before taxes. Round to two decimal places.

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Question 999364: A new television set was $545.00 including tax. If the tax rate is 9% find the price of the tv before taxes.
Round to two decimal places.
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Call its price before taxes, x.
The $545 represents the 100% of its price plus 9% tax, or 109% of its price.
Thus 109% of x = $545 or
1.09x = 545
x = 545 / 1.09
x = $500