Neil paid $357, including 5% sales tax, for a suit. What was the cost of the suit, not counting the tax? CHOOSE THE BEST ANSWER AND GIVE EXPLINATION ON WHY YOU THINK THIS!!!
A. $339.15
B. $340.00
C. $342.00
D. $352.00
E. $374.81
Let the price of the suit BEFORE 5% tax =S
S + 5%S =$357.00
S + [0.05 x S] = $357.00
1.05S = $357.00 Divide both sides by 1.05
S = $357.00 / 1.05
S = $340.00 - Cost of the suit before 5% tax.