Intermediate Algebra (6th Edition)

Published by Pearson
ISBN 10: 0321785045
ISBN 13: 978-0-32178-504-6

Chapter 11 - Cumulative Review - Page 669: 4

Answer

$\$325$

Work Step by Step

Let $x$= original price Having a tax rate of $6\%$ means that $6\%$ was added to the original price. Thus, the total rice including the taxes is represented by: $x(1+6\%) = x(106\%) = x(1.06) = 1.06x$ Hence, $1.06x = \$3434.50 \\\dfrac{1.06x}{1.06} = \dfrac{\$344.50}{1.06} \\x = \$325$
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