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7 April, 22:35

In January of 2006, the hotel/motel sales tax in Lafayette were 130% of the hotel/motel sales tax in January of 2005. The hotel/motel sales tax in January of 2005 were $475,000. What were the hotel/motel sales tax in January of 2006?

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  1. 7 April, 23:51
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    Answer: $617,500

    Step-by-step explanation:

    We are given that, In January of 2006, the hotel/motel sales tax in Lafayette were 130% of the hotel/motel sales tax in January of 2005.

    i. e. Hotel/motel sales tax in January 2006 = 1.3 x (Hotel/motel sales tax in January of 2005) (1)

    [130% = 1.3 (By dividing it by 100 for converting it from percent to decimal) ]

    The hotel/motel sales tax in January of 2005 were $475,000.

    Put this value in (1), we get

    Hotel/motel sales tax in January 2006 = 1.3 x ($475,000)

    Hotel/motel sales tax in January 2006 = $617,500

    Therefore, the hotel/motel sales tax in January of 2006 = $617,500
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