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An item is levied a sales tax of 10 percent on the part of the price t
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02 Oct 2023, 13:55
02 Oct 2023, 13:55
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An item is levied a sales tax of 10 percent on the part of the price that is greater than $200. If a customer paid a sales tax of $10 on the item, what was the price of the item?
(A) $200
(B) $250
(C) $300
(D) $360
(E) $400
(A) $200
(B) $250
(C) $300
(D) $360
(E) $400
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Free Materials for the GRE General Exam - Where to get it!!
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Re: An item is levied a sales tax of 10 percent on the part of the price t
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13 Jan 2024, 06:21
13 Jan 2024, 06:21
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Re: An item is levied a sales tax of 10 percent on the part of the price t
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31 Jan 2024, 07:40
31 Jan 2024, 07:40
1
For this problem, the first thing to do would be using a strategy that ETS calls turning words into an algebraic representation.
The amount being taxed is anything over $200, so we can represent this as (x - 200). We need to take 10 percent of this value, so the equation becomes (x - 200)(10/100), and finally we know this equal to $10, so we finally figured out the expression we can use to solve the problem:
(x - 200)(10/100) = 10
Solving for x, we get:
(x/10) - 20 = 10
(x/10) = 30
x = 300
Answer Choice C
TLDR: A ten percent tax equals $10. That means the dollar amount being taxed is $100 ---> 100 + 200 = $300 ---> C
The amount being taxed is anything over $200, so we can represent this as (x - 200). We need to take 10 percent of this value, so the equation becomes (x - 200)(10/100), and finally we know this equal to $10, so we finally figured out the expression we can use to solve the problem:
(x - 200)(10/100) = 10
Solving for x, we get:
(x/10) - 20 = 10
(x/10) = 30
x = 300
Answer Choice C
TLDR: A ten percent tax equals $10. That means the dollar amount being taxed is $100 ---> 100 + 200 = $300 ---> C
