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A new television set was recently purchased for the common room in a residence hall for $520.00 including tax. If the tax rate is 4%, find the price of the television set before taxes.

A new television set was recently purchased for the common room in a residence hall for 52000 including tax If the tax rate is 4 find the price of the televisio class=


Answer :

Let's use the variable x to represent the price of the television set before taxes.

If the tax rate is 4%, then the original price is multiplied by 1.04, so it is equal 1.04x.

The final price is $520, so we have:

[tex]\begin{gathered} 1.04x=520 \\ x=\frac{520}{1.04} \\ x=500 \end{gathered}[/tex]

So the price before taxes is $500.00.

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