Question

if the revenues from the extra 1/4% sales tax amounted to $48,136.47 in 1983 and is to be divided equally among 7 different departments within the city of Albuquerque, how much will each department receive? (round to the nearest cent)

Answer 1

$ 6876.64

Explanation:

Given,

Total revenue = $ 48,136.47,

Number of departments = 7,

If the revenue is divided equally,

Thus, the amount received by each department

`= \frac{\text{Total revenue}}{\text{Number of departments}}`

`=(48136.47)/(7)`

= $ 6876.63857143

≈ $ 6876.64