Transcribed image text: The total (after-tax) cost of a laptop computer is $1589.10. The local sales tax rate is 7.9%. What is the retail (pre-tax) price? The retail (pre-tax) price of the computer is SI (Simplify your answer. Round to the nearest cent as needed
To find the retail (pre-tax) price, we need to first calculate the amount of sales tax, then subtract it from the total cost.
Given:
Total cost = $1589.10
Sales tax rate = 7.9%
To calculate the sales tax amount, we multiply the total cost by the sales tax rate as a decimal:
Sales tax amount = Total cost x Sales tax rate
= $1589.10 x 0.079
To find the retail (pre-tax) price, we subtract the sales tax amount from the total cost:
Retail price = Total cost - Sales tax amount
= $1589.10 - ($1589.10 x 0.079)
Now, let's calculate the values:
Sales tax amount = $1589.10 x 0.079
= $125.37 (rounded to the nearest cent)
Retail price = $1589.10 - $125.37
= $1463.73 (rounded to the nearest cent)
Therefore, the retail (pre-tax) price of the laptop computer is $1463.73.