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21 January, 04:08

A store collected $56 in sales tax alone in one day. If the sales tax is 5.5%, how much did the store sell that day? (Round your answer to the nearest cent.)

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  1. 21 January, 05:18
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    To compute for tax, we can form the expression shown below:

    Sales*5.5%=Sales Tax

    We are given with some values on which we used in the problem and solve the unknown such as:

    Sales*0.055=$56

    Sales=$56/0.055

    Sales=$1,018.18

    The answer is $1,018.18 was sold on that day.
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