Mast General Store has total receipts for the month of $45990 including sales taxes. If the sales tax rate is 5% what are Mast's sales for the month?

Question

Quizplus · Accepted Answer

Let's assume the total sales for the month to be x. 
So, the sales tax amount would be 5% of x = 0.05x. 
And, the total receipts would be x + 0.05x = 1.05x. 
We know that the total receipts for the month are $45990.
Hence, 1.05x = $45990
Or, x = $43800. Therefore, the sales for the month are $43800. 
Hence, the correct choice is B.

Mast General Store Has Total Receipts for the Month of $45990