The Brain Teaser: Scroll Down for your Solution
The old lady who lived in a shoe was having some real trouble buying Christmas presents for her enormous family. Although she bought the least expensive stocking stuffers she could find, the bill was high. Of course, both a 15 percent sales tax and a 5 percent luxury tax were added to the original price. She paid a total of $100. What was the cost of the stuffers before taxes?
$83.33. The taxes are 20 percent of the selling price.