If a welding machine costs $15792.37 after tax and the sales tax is 5%, how much tax was paid?

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Multiple Choice

If a welding machine costs $15792.37 after tax and the sales tax is 5%, how much tax was paid?

Explanation:
When a total already includes tax, you reverse the tax to find the pre-tax price, then subtract to get the tax amount. With a 5% tax, divide the total by 1.05 to get the price before tax: 15792.37 / 1.05 ≈ 15040.35238. The tax paid is the difference between the total and this pre-tax amount: 15792.37 − 15040.35238 ≈ 752.01762, which rounds to $752.02. So the tax paid is $752.02.

When a total already includes tax, you reverse the tax to find the pre-tax price, then subtract to get the tax amount. With a 5% tax, divide the total by 1.05 to get the price before tax: 15792.37 / 1.05 ≈ 15040.35238. The tax paid is the difference between the total and this pre-tax amount: 15792.37 − 15040.35238 ≈ 752.01762, which rounds to $752.02. So the tax paid is $752.02.

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