Question

A store collected $56 in sales tax alone in one day. If the sales tax is 5.5%, how much did the store sell that day? (Round your answer to the nearest cent.)

Answer 1

To compute for tax, we can form the expression shown below:
Sales*5.5%=Sales Tax
We are given with some values on which we used in the problem and solve the unknown such as:
Sales*0.055=$56
Sales=$56/0.055
Sales=$1,018.18
The answer is $1,018.18 was sold on that day.