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Joined: Sep 2011
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Chipmunk
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Chipmunk
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Here's one:

How do you find the actual retail value of an even-money priced item that totals $30 cash when the sales tax rate is 12.5% ?

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Joined: Jan 2009
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First of all, I'd find a way to buy online to avoid sales tax, or move to/buy at another locale with a lower tax rate.

Item retails for 'X'
At checkout, the tax is added at 12.5% of 'X'

Thus you are paying 1.125X, which is the stated $30. Equation would be:
1.125X = 30
or
X = 30/1.125 = $26.67 (actually $26.66666666...); but all depends on the tax charting for the range around $26.66 and $26.67


-B-
"We do not inherit the Earth from our ancestors,
we borrow it from our children."
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Oh, for crying out loud! How can you guys think so hard before it is even noon?

Very good, Beetle -- well done! smile


Walk in Peace and Harmony.
Phyllis Doyle Burns
Avatar: Fair Helena by Rackham, Public Domain
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Chipmunk
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Chipmunk
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Hi Phyllis & Beetle smile

Well done Beetle -- you are most definitely quick !

We oversee a Mom & Pop motel in Volusia County Florida.

6.5% Sales Tax

+

6% Bed or Tourist Tax

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Phyllis: It was the noon hour when I prepared my response. Time Zones are in effect during the holidays...

Burt: $30 for a motel room? Is that a per night cost or hourly?

<< the deviant mind prevails, again... >>


-B-
"We do not inherit the Earth from our ancestors,
we borrow it from our children."
Joined: Sep 2011
Posts: 1,855
Chipmunk
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Chipmunk
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Standing joke is No Refunds -- sometimes it takes less than $5-$15min. -- Yikes !

Early '80's was buck-wild... I must have a hell of an immune system !

I had a dream last night that me and Kris Krsitoferson were hitin' the bars and his 'ole lady showed up and we had some steak and beer -- a lot of shake it but don't dislocate it !!

I got to clean the bathrooms... 30+ years now -- you've seen my current pic -- Yikes smile

Cabbage Patch cole slaw is lame compared to pure 'ole mud wresilin' girl on girl on Main St.

Those were the days my friend...

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Even the math problem enters into the mud puddle discussion...


-B-
"We do not inherit the Earth from our ancestors,
we borrow it from our children."
Beetlemess #794775 11/30/12 03:39 PM
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Chipmunk
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Chipmunk
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cool blush whistle crazy wink

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Chipmunk
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Chipmunk
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An Eagle flying over an Indian by a River is a mnemonic for what radical mathematical equation that got a German Professor kicked out of academia and had to support himself by teaching piano lessons because his proposal was 100 years ahead of his time ?

Hint: We could not be having this conversation if that mathematical equation was not being in use right now.

Last edited by Burt B.; 11/30/12 04:10 PM.
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Would that be Georg Ohm?
I'm seeing E=volts; R=resistance; & I=amperage and this can be placed into Ohm's Law Triangle having E over IR to easily present the equation permutations; i.e. E=IR; I=E/R; & R=E/I
E
I R


-B-
"We do not inherit the Earth from our ancestors,
we borrow it from our children."
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