Math, asked by tonnie256, 9 hours ago

ii. TOTAL PRICE BEFORE TAX =NO. OF ITEMS * ITEM PRICE

Answers

Answered by zeshanffyt
0

Answer:

How do I make an equation that calculates the price before tax?

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6 Answers

Rick A. Baartman

, Mathematical physicist

Answered 4 years ago · Author has 2.3K answers and 3.5M answer views

Adding 10% is like multiplying by 1.1. To go backwards, having the result and wanting before tax, you just divide by 1.1: $136.36.

If you subtract 10% instead, you get $135. The difference is because in this case you are taking 10% of the wrong number.

Or another way of putting it is 1.1 is not equal to 1/0.9.

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Alfred Wyzard

, Tutor/Writer at Nerd of Passion (2014-present)

Updated 4 years ago · Author has 167 answers and 287.6K answer views

This is a fairly straight-forward problem involving percentages, and the equation you're looking for is:

Pricebeforetax=Priceaftertax1+taxratedividedby100Pricebeforetax=Priceaftertax1+taxratedividedby100

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Eric Staugaard

, Analyst Assistant (2016-present)

Answered 4 years ago

Let’s go with your example. With tax = 10%, you can think of the total cost as 110% of the cost of the item. $150 = 100% cost of the item + 10% cost of the item. From there, you can calculate the price you want before tax as a ratio.

X/ 100 = $150/110

Simply solve for X and you’ve got the price before tax that will cost $150 after 10% tax is added.

You can simplify this equation as:

X = [(Total Price)*(100)]/(100+ tax)

where tax would be the percentage written out as a whole number i.e. 10% = 10,

15% = 15, 50% = 50 etc.

In this case, X = $136.363636 = $136.37

Let’s check to make sure adding another 10% adds up to $150

136.37 * 0.1 = $13.64

136.37 + 13.64 = $150.01 where the extra $0.01 comes from rounding errors when rounding the the hundredths place for cents.

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