The pre-tax price was 101.40/1.065 = 95.21 (approx)
Tax was 141.40 - 95.21 = 6.19
Chat with our AI personalities
The total tax was $2.21 and the total price with tax was $36.21
The easiest way to understand the answer is to turn it around. If you wanted to calculate the item price plus tax, you would multiply the item price by 1.073. So, to back up to the item price from the item price plus tax, divide the item price plus tax by 1.073. $20.00 / 1.073 = item price before sales tax.
If only the total price was recoded and you do not know the tax rate, you cannot.
The total tax to be paid is $40.45. The total price with tax is $939.45
The tax rate is 6%