200k views
15 votes
I NEED HELP I POSTED A PIC answer both

(Has to be a decimal)

I NEED HELP I POSTED A PIC answer both (Has to be a decimal)-example-1
User Klasske
by
7.8k points

1 Answer

6 votes

Answer:

2. $23.64

3. 4%

Explanation:

2.

The relationship between selling price, tax, and final purchase price is ...

selling price × tax rate = tax

selling price + tax = final purchase price

For this problem, we have ...

tax = $22.00 × 0.062 = $1.36

final purchase price = $22.00 +1.36 = $23.36

__

3.

Using the above relations, we find ...

tax = final purchase price - selling price

tax = $8.32 -8.00 = $0.32

tax rate = tax/selling price

tax rate = $0.32/$8.00 = 0.04 = 4%

Mitch paid 4% tax on the book.

User RuntimeError
by
8.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories