AboutWei Chong Expertise I can help you out with topics such as Algebra, Fractions, Exponents and Graphs. I'll guide you in solving math problems using logical step-by-step explanations.
Experience I was a part time tutor for 5 years tutoring students in many subjects including mathematics.
Education/Credentials Bachelor degree in Electrical Engineering,
A-levels
Question Can you please explain how to solve the folowing:
If you receive $1500 and you are told that 8.375% tax is already included in this amount how do u solve for the amount that was taxed. meaning what amount was the original number that was taxed 8.375 which when combined totals 1500.
thank you
Answer Hi Rhonda,
If I understand your question correctly, $1500 is the total when we add the 'amount before tax' with the 'tax amount'.
With this in mind, here's how we can solve the question:
1) Let B = amount before tax (original number)
2) Since, the tax is 8.375%, the tax amount (the $ that is taxed) is:
Tax Amount = B*(8.375/100)
= 0.08375B
3) Since, $1500 is the total after adding 'B' with 'Tax Amount', we have:
1500 = B + 0.08375B
1500 = 1.08375B <-- we can solve for B by dividing both sides with 1.08375
1500/1.08375 = B
B = $1384.08 <-- here's the answer
