The sales tax rate in Ohio is 7.25%. What is the original price of an item that costs $172.00 including sales tax?
Let's assume the original price of the item is P.
The sales tax rate is 7.25%, which can be expressed as 0.0725 as a decimal.
The added sales tax to the original price is calculated as 0.0725 * P.
Therefore, the total amount paid, including sales tax, is P + 0.0725 * P = 1.0725 * P.
We are given that the total amount paid, including sales tax, is $172.00.
So, we can set up the equation 1.0725 * P = $172.00 and solve for P.
Dividing both sides of the equation by 1.0725, we get P = $172.00 / 1.0725.
P ≈ $160.
Therefore, the original price of the item is approximately $160.