Question

Find the original price given the total amount and tax rate. Total price: $128,500 Tax rate: 5.5%

Answer 1

Answer:

Total Price = 128,500

Tax rate = 5.5%

Money which was added as tax = 5.5 × 128500

100

Money which was added as tax = 7067.5

Original money = Total price - Tax

= 128500-7067.5

= 121,432.5

Ans:Original money before tax was added = $121,432.5