Your company recently made a purchase of 25 identical tables. The purchase price after adding 5% sales tax was $1,706.25. You later realize that you only needed 20 tables. If you decide to return five tables, what would be the refund amount before tax?
total cost of the 25 tables before tax
= 1706.25/1.05
= 1625
so cost of each table = 1625/25 = 65
refund of 5 without tax = 5(65) = $325
I need help with fractions
Your company recently made a purchase of 25 identical tables. The purchase price after adding 5% sales tax was $1,706.25. You later realize that you only needed 20 tables.
If you decide to return five tables, what would be the refund amount before tax?
Your company recently made a purchase of 25 identical tables. The purchase price after adding 5% sales tax was $1,706.25. You later realize that you only needed 20 tables.
If you decide to return five tables, what would be the refund amount before tax?
Your company recently made a purchase of 25 identical tables. The purchase price after adding 5% sales tax was $1,706.25. You later realize that you only needed 20 tables.
If you decide to return five tables, what would be the refund amount before tax?
To find the refund amount before tax, we need to calculate the cost of five tables.
First, let's determine the total cost of all 25 tables. We know that the purchase price after adding 5% sales tax was $1,706.25.
To find the total cost before tax, we divide the total purchase price by 1 plus the sales tax rate, as follows:
Total Purchase Price = Purchase Price / (1 + Sales Tax Rate)
In this case, the sales tax rate is 5%, which can be expressed as 0.05 (5/100).
Total Purchase Price = $1,706.25 / (1 + 0.05)
Total Purchase Price = $1,706.25 / 1.05
Total Purchase Price = $1,625
Therefore, the total cost of the 25 tables before tax is $1,625.
To calculate the refund amount before tax for five tables, we divide the total cost of the 25 tables by 25 to get the cost per table, and then multiply that by 5:
Refund Amount (before tax) = Cost per table x Number of tables
Cost per table = Total cost of 25 tables / 25 = $1,625 / 25 = $65
Refund Amount (before tax) = $65 x 5
Refund Amount (before tax) = $325
Therefore, the refund amount before tax for returning five tables is $325.