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Amy makes beaded necklaces and sells them at the crafts fair. She includes the 8% sales tax in the $11.34 she charges for a necklace. What is her price for the necklace excluding tax? Use the formula Price = Total cost/1+Rate.

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sqdancefan

[tex]\text{Price}=\dfrac{\text{Total cost}}{1+\text{Rate}}=\dfrac{\$11.34}{1+.08}\\\\\text{Price}=\$10.50[/tex]

Amy's price for the necklace is $10.50.