Maratha paid $42.40 for her sisters birthday present. this included 6% sales tax. What was the cost of the gift before tax?
$40
Price(1.06)=42.40
solve that for Price
Lilly -- you've received a lot of help here in the last couple days.
Now it's YOUR turn.
What do you think the answer is?
To find the cost of the gift before tax, we can use the following equation:
Cost of gift before tax = Cost of gift after tax / (1 + Tax rate)
In this case, the cost of the gift after tax is $42.40 and the tax rate is 6%.
So, let's plug these values into the equation:
Cost of gift before tax = $42.40 / (1 + 0.06)
Now we can calculate it:
Cost of gift before tax = $42.40 / 1.06
Using a calculator, we find that the cost of the gift before tax is approximately $40.00.