Solve the problem.
-Inclusive of a 6.8% sales tax, a diamond ring sold for $2349.60. Find the price of the ring before the tax was added. (Round to the nearest cent, if necessary.)
A)$2200
B)$2509.37
C)$2189.83
D)$159.77

Question

Quizplus · Accepted Answer

The total cost of the ring including sales tax is $2349.60. To find the original price before tax, divide the total cost by 1 plus the tax rate (expressed as a decimal). The tax rate is 6.8%, or 0.068 as a decimal. So, the original price is $2349.60 / (1 + 0.068) = $2200.

Solve the Problem. -Inclusive of a 6.8% Sales Tax, a Diamond Ring Sold