4) Helen knows that the car dealers normally add 10% of whatever they pay for the car as a profit for themselves. Knowing that the before tax price is the original price plus 10%, find the original price of the car. 5) Helen has bought a car for $ 45800 final price, Knowing that she has paid 10% tax on the final price, find the before tax price. 6) Adam has bought a laptop for $1345.00 in Ottawa where tax is 13%. How much would the same laptop cost Allan in Vancouver where tax is 12%? 7) Jeff has bought a basket and has donated $3.5 to the children's hospital. He has paid $25 at the cashier. Knowing that he has paid 13% tax (on the basket only, but not on the donation), find the before tax price of the basket.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section2.A: Taxes
Problem 7P
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4) Helen knows that the car dealers normally add 10% of whatever they pay for the car as a profit
for themselves. Knowing that the before tax price is the original price plus 10%, find the original
price of the car.
5) Helen has bought a car for $ 45800 final price. Knowing that she has paid 10% tax on the final
price, find the before tax price.
6) Adam has bought a laptop for $1345.00 in Ottawa where tax is 13%. How much would the same
laptop cost Allan in Vancouver where tax is 12%?
7) Jeff has bought a basket and has donated $3.5 to the children's hospital. He has paid $25 at the
cashier. Knowing that he has paid 13% tax (on the basket only, but not on the donation), find
the before tax price of the basket.
Transcribed Image Text:4) Helen knows that the car dealers normally add 10% of whatever they pay for the car as a profit for themselves. Knowing that the before tax price is the original price plus 10%, find the original price of the car. 5) Helen has bought a car for $ 45800 final price. Knowing that she has paid 10% tax on the final price, find the before tax price. 6) Adam has bought a laptop for $1345.00 in Ottawa where tax is 13%. How much would the same laptop cost Allan in Vancouver where tax is 12%? 7) Jeff has bought a basket and has donated $3.5 to the children's hospital. He has paid $25 at the cashier. Knowing that he has paid 13% tax (on the basket only, but not on the donation), find the before tax price of the basket.
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