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| Math Central | Quandaries & Queries |
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Question from Vishal, a student: Total amount paid annually $\$444$ for 2014 which is inclusive for tax. the basic amount on which tax paid in first and second six month is same. |
Hi,
Suppose the basic amount for the first six months was x dollars. The tax rate was 7% so the amount paid for the first six months, including tax was $x + 0.07x = 1.07x$ dollars. What was the amount paid for the second six months, including tax? The total of these two amounts is $\$444.$ Solve for $x.$
Penny
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