Solve the problem.
-The total price (including sales tax) of a VCR is $\$ 565.01$. The sales tax rate is $2 \%$. What is the purchase price of the VCR (the price before taxes are added)? Round your answer to the nearest cent.
A) $\$ 559.42$
B) $\$ 553.93$
C) $\$ 470.84$
D) $\$ 548.55$

Question

Quizplus · Accepted Answer

To find the purchase price before tax, divide the total price by 1 plus the tax rate: $ \frac{565.01}{1.02} = 553.93 $.

Solve the Problem $565.01\$ 565.01$565.01 the Sales Tax Rate Is 2%2 \%2%

Solve the Problem $\$ 565.01$ the Sales Tax Rate Is $2 \%$