16% Tax Rate - What's the amount?

[M&M]

If I have a product after tax the total amount is $1,600.00 What is the cost of the product? and how much is the tax amount?

What equation should I use?

Need to solve it for these below as well.

1,600.00 1,200.00 1,800.00 500.00 550.00

 

[Deleted member 4993]

If I have a product after tax the total amount is $1,600.00 What is the cost of the product? and how much is the tax amount?

What equation should I use?

Need to solve it for these below as well.

1,600.00 1,200.00 1,800.00 500.00 550.00

Lts turn the problem around:

If the cost of the product is '$100' - what is the after tax the total amount - when the tax rate is 16%?

If the cost of the product is 'x' - what is the after tax the total amount - when the tax rate is 16%?

How can you use these examples for your problem?

 

[Steven G]

If I have a product after tax the total amount is $1,600.00 What is the cost of the product? and how much is the tax amount?

What equation should I use?

Need to solve it for these below as well.

1,600.00 1,200.00 1,800.00 500.00 550.00

Please post the entire problem in your post and not in the title.

 

[Steven G]

What is the unknown? Call it something. I like to call unknown values Harvey but that's just me.
What are you doing to this unknown? That is write up an equation. Think it through carefully. It isn't that hard but you have to try. If you do it wrong we'll offer help but you have to post your attempt (did you read the posting guidelines).

 

[HallsofIvy]

If the original price is "P" and the tax rate is 16% then the amount of the tax is 0.16P so the final cost to the consumer is P+ 0.16P= 1.16P= 1600. Solve that for P by dividing both sides by 1.16.

 

[Deleted member 4993]

OP did not show a line of work yet!!

 

[KimberlyJames]

If I have a product after tax the total amount is $1,600.00 What is the cost of the product? and how much is the tax amount?

What equation should I use?

Need to solve it for these below as well.

1,600.00 1,200.00 1,800.00 500.00 550.00

Hmm, I am not very good at mathematics, so I am not sure that I can help you. In general, taxes are not my powerful point... That is why I am not managing them by myself but I employed a professional and licensed service to do this for me. This way I am sure 100% that everything is ok with my taxes and I have no mistakes there. I have no special and professional education in this domain.