Question

1. If a store marks up the price of an item by 45% and sells it to customers for $58, what was the original price the store paid for the item?

2. Jeremy bough a souvenir while on vacation. The item cost $22, but the total bill was $22.43. What percent was the sales tax?

Answer 1

1. $58 / 1.45

2. [(22.43 - 22) / 22] * 100%