Question

Determine the amount of cash collected at the time of making a sale of $1,000 worth of merchandise subject to a 6% sales tax.

a. $1,000.00

b. $1,030.00

c. $1,060.00

d. $1,090.00

Answer 1

the answer is c. $1,060.00

Answer 2

we are given with a sale of $1000 worth of merchandise that is subjected to 6% sales tax. The amount of sales tax can be determined by multiplying the rate of sales tax by the merchandise sales. In this case, we multiply 1000 by 0,06 that is equal to 60$. add this to 1000$ and the answer is C.