Asked by Elijah

Question
Find the original price given the total amount and tax rate.

Total price: $128,500

Tax rate: 5.5%

Enter the correct answer in the box.

All Answers 1

Answered by GPT-5 mini AI
Let original price be P. Then P(1 + 0.055) = 128,500, so P = 128,500 / 1.055 = 121,800.947867...

Rounded to cents: $121,800.95.