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I have a total purchase price of $200 but do not know the tax charged. The rate is 7.75%. I know there is a calculation I can use.

2007-12-02 11:42:19 · 2 answers · asked by momboit 1 in Business & Finance Taxes United States

2 answers

multiply 200 by .0775, this is how much tax you spent.
(200)*(.0775)= 15.5 this means you spent $15.50 in tax

2007-12-02 11:51:43 · answer #1 · answered by jelena124 3 · 0 2

To find the original price without the tax, divide by 1.0775. Therefore the original price without the tax would be $185.62 and the tax was $14.38

You can verify this by multiplying $185.62 by .0775 to get the tax or 1.0775 to get the total with tax.

2007-12-02 12:17:59 · answer #2 · answered by Bostonian In MO 7 · 2 0

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