Answer:
Take the total price and divide it by one plus the tax rate.Multiply the result from step one by the tax rate to get the dollars of tax.Subtract the dollars of tax from step 2 from the total price.
Pre-Tax Price = TP – [(TP / (1 + r) x r]
TP = Total Price.
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Answers & Comments
Answer:
Take the total price and divide it by one plus the tax rate.Multiply the result from step one by the tax rate to get the dollars of tax.Subtract the dollars of tax from step 2 from the total price.
Pre-Tax Price = TP – [(TP / (1 + r) x r]
TP = Total Price.