The sales tax on a used truck is $600. If the tax rate is 6%, find the purchase price of the truck.

.06=600 .06/.06=600/.06 $10,000=original price but we still have to add tax therefore, $10,000+600=sale price sale price=$10,600

Answered by runescapememo8 | 2024-06-10

The purchase price of the truck before the addition of a 6% sales tax, which amounts to $600, is $10,000. To find this, divide the amount of the sales tax by the tax rate, expressed as a decimal.

To find the purchase price of the truck when the sales tax is ">$600" and the tax rate is 6%, we can use the formula for calculating sales tax: Amount of sales tax = purchase price imes rate of sales tax. In this case, the amount of sales tax is given as $600, and we want to find the purchase price, so we need to rearrange the formula to solve for the purchase price:
Purchase price = Amount of sales tax / rate of sales tax
First, convert the percent to a decimal by dividing it by 100, so 6% becomes 0.06. Then, we divide the amount of sales tax by this decimal to find the purchase price:
Purchase price = $600 / 0.06 = $10,000
The sales tax is part of the total cost. Therefore, the purchase price of the truck before tax was $10,000.

Answered by SravyaDa | 2024-06-25

To find the purchase price of the truck, we divide the sales tax amount by the tax rate expressed as a decimal. In this case, $600 divided by 0.06 gives us a purchase price of $10,000. This indicates that the truck's price before tax is $10,000.
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Answered by SravyaDa | 2024-12-24