The Formula for Calculating the Selling Price (Or Retail Price) $$\text { Selling Price } = \frac { \text { Total Purchase Price } } { 100 \% - \text { Sales Tax Rate } }$$

question 22

True/False

The formula for calculating the selling price (or retail price) of an item when the Total Purchase Price is known is as follows:
? $$\text { Selling Price } = \frac { \text { Total Purchase Price } } { 100 \% - \text { Sales Tax Rate } }$$ ?

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