Solving percentage problems?

The final cost of your new shoes $107.69. The local sales tax rate is 6.2%.What was the labeled (pre tax) price?

Solving percentage problems?
The tax, written as a decimal rather than a %, is 0.062





If the original price is P, then


P x 1.062 = 107.69


Divide 107.69 by 1.062 to get your answer.





Or,


P + (P x 0.062) = 107.69





Either way, your answer should come out to be $101.40
Reply:let x be the labeled price.





x+ x(6.2/100) = 107.69


x(1+ 0.062) = 107.69


1.062x=107.69


x= 107.69/1.062 ~=101.403



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