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Total Price: The sales tax rate is 8%. If the sales tax on a 10-speed bicycle is $12, what is the purchase price? The purchase price is $ What is the total price? The total price is $ Get Help: Video eBook Points possible: 1​

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TheBusinessMan

Answer:

Purchase Price = $150 and Total Price = $162

Step-by-step explanation:

Purchase price = Tax Amount / Tax Percentage (as decimal)

Purchase Price = $12 / .08

Purchase Price = $150

Total Price = Purchase Price + Tax

Total Price = 150 + 12 = $162

I hope this helps!

-The Business Man

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