You buy a bicycle helmet for $22.26, which includes 6% sales tax. The helmet was discounted 30% when you purchased it, what was the original price of the bicycle helmet?

The correct answer is:

$30

Explanation:

Let the discounted price be x.

cost of bicycle at discounted price and tax = $22.26

x + (6% of x) = 22.26

x + (0.06x) = 22.26

1.06x = 22.26

∴ x =

Therefore discounted  price of bicycle without tax = $21.

Next, let us calculate the original price before discount, and let original price be y.

remember, discount value = 30% = 0.3

Original price - (30% of original price) = $21 (discount price)

y - (0.3y) = 21

0.7y = 21

∴ y = 21 ÷ 0.7 = $30. Hence original price = $30

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

engaging in financial planning?

just took my test