Asked by mark
How do I find a dollar number plus 7.1% that will come close to $70.00
Here is what Im doing..I rent out packages that are $70.00 and I want to pay 7.1% sales tax out of that $70.00..What dollar amount do I use to add 7.1% to, to make it as close to $70.00 as I can…whats the formula for that….
Here is what Im doing..I rent out packages that are $70.00 and I want to pay 7.1% sales tax out of that $70.00..What dollar amount do I use to add 7.1% to, to make it as close to $70.00 as I can…whats the formula for that….
Answers
Answered by
MathMate
For x% tax, you divide the "tax-included" amount by 1+x.
For $70 with 5.5% tax included, your pre-tax selling price is 70/(1.055)=$66.35.
Note: this does not always work to the cent because of rounding.
For $70 with 5.5% tax included, your pre-tax selling price is 70/(1.055)=$66.35.
Note: this does not always work to the cent because of rounding.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.