Answer:
a. $150
b. $158.25
Step-by-step explanation:
The amount of tax is the product of the tax rate and the price being taxed. This relation can let us solve for the price.
tax = tax rate × price
price = tax/(tax rate) = $8.25/0.055 = $150.00
The purchase price of the table saw is $150.00.
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The total price is the sum of the purchase price and the tax.
total price = price + tax
total price = $150.00 +8.25 = $158.25
The total price of the table saw is $158.25.
