A store collected $56 in sales tax alone in one day. If the sales tax is 5.5%, how much did the store sell that day? (Round your answer to the nearest cent.)
To compute for tax, we can form the expression shown below: Sales*5.5%=Sales Tax We are given with some values on which we used in the problem and solve the unknown such as: Sales*0.055=$56 Sales=$56/0.055 Sales=$1,018.18 The answer is $1,018.18 was sold on that day.
