Ted Thomason found a good deal when he purchased a bedding set. He paid the store's clerk two $20 bills and a $5 bill. The clerk gave him $2.65 in change. If the sales tax is 7.2%, what was the selling price of the bedding set before taxes?
$45 paid, he overpaid by $2.65, so the cost was $42.35. Take 7.2% off to find the sales price before tax. 7.2% of $42.35 is $3.05, so take that off to find the price before tax. 42.35-3.05=39.30 So, the original price before tax was $39.30.
