In January of 2006, the hotel/motel sales tax in Lafayette were 130% of the hotel/motel sales tax in January of 2005. The hotel/motel sales tax in January of 2005 were $475,000. What were the hotel/motel sales tax in January of 2006?

Question

Mathematics

Toby Dickson

19 October, 04:18

In January of 2006, the hotel/motel sales tax in Lafayette were 130% of the hotel/motel sales tax in January of 2005. The hotel/motel sales tax in January of 2005 were $475,000. What were the hotel/motel sales tax in January of 2006?

+5

Answers (1)

Know the Answer?

Blaine Valencia · Answer 1

Answer: $617,500

Step-by-step explanation:

We are given that, In January of 2006, the hotel/motel sales tax in Lafayette were 130% of the hotel/motel sales tax in January of 2005.

i. e. Hotel/motel sales tax in January 2006 = 1.3 x (Hotel/motel sales tax in January of 2005) (1)

[130% = 1.3 (By dividing it by 100 for converting it from percent to decimal) ]

The hotel/motel sales tax in January of 2005 were $475,000.

Put this value in (1), we get

Hotel/motel sales tax in January 2006 = 1.3 x ($475,000)

Hotel/motel sales tax in January 2006 = $617,500

Therefore, the hotel/motel sales tax in January of 2006 = $617,500