Question

A new television set was recently purchased for a common room in a residence hall for $473.80 including tax. If the tax rate is3%, find the price of the television set before taxes

Answer 1

Answer:

$460

Step-by-step explanation:

Equation to find total cost

1.03 * (item price) = total cost

1.03 * (item price) = $473.80

Divide both sides by 1.03 to isolate the item price

$473.80/1.03 = $460

Answer 2

Answer:

the price of the television set before taxes = $460

Step-by-step explanation:

A new television set was recently purchased for  $473.80 including tax.

the tax rate is 3%

LEt x be the price of television set

price times (price times tax rate )= final price

$x + (x \cdot 3 percent)=473.80$

3% is 3/100= 0.03

$x + (x \cdot 0.03)=473.80$

$x + 0.03x=473.80$

$1.03x=473.80$

Divide both sides by 1.03

x= 460

the price of the television set before taxes = $460