The price of the stereo was $86.00. The tax rate was 6%. What was the tax on the stereo? What was the total price of the stereo including tax?
1 Answer
The tax is $5.16
The total price of the stereo is $91.16
Explanation:
The first part of the problem, "What was the tax on the stereo?", can be rewritten as;
What is 6% of $86.00?
"Percent" or "%" means "out of 100" or "per 100", Therefore 6% can be written as
When dealing with percents the word "of" means "times" or "to multiply".
Finally, lets call the tax we are looking for "t".
Putting this altogether we can write this equation and solve for
The tax is $5.16
The total price is:
Where
The total price of the stereo is $91.16
