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Kris bought a new fur coat for $8,000. She must pay 5% sales tax and 7% excise tax. The furrier is shipping the coat so kris must also pay a $15 insurance charge. What is the total purchase price of the
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Kris bought a new fur coat for $8,000. She must pay 5% sales tax and 7% excise tax. The furrier is shipping the coat so kris must also pay a $15 insurance charge. What is the total purchase price of the coat?

User Joe Alfano
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7.1k points

2 Answers

4 votes
Well, first we have to find out what 5% and 7% of 8,000 is and then add the three numbers up.
.05*8,000=400
.07*8,000=560
400+560+8,000=8960
And finally, we add that extra fee.
8960+15=$8,975
Hope it Helps!!! :)
User Erik Djupvik
by
7.5k points
5 votes
0.05 x 8000 = 400
0.07 x 8000 = 560
8000 + 560 + 400 = 8960
8960 +15 = 8,975
Total Price = $8,975
User RoadBump
by
7.8k points
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