Answer:
$1,418.03
Step-by-step explanation:
first set up an equation- since we know that 6.1% of x(price of the guitar) is $86.50, we can set up the equation: 0.061x = 86.50
0.061x = 86.50 (divide each side by 0.061 to get x by itself)
x = 1418.03279 (round to the nearest cent)
x = 1,418.03
