Find the marked price and sales tax. Total price Sales tax rate Marked price Sales tax $403.61 5.9% Total price $403.61 (Round to the nearest cent.) Sales tax rate 5.9% Marked price S Sales tax
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- I have the question and answer below but I dont know how to get the answer if you could help explain it please. Find the marked price and sales tax. Round to the nearest cent. Total Sale $378.17 Sales Tax Rate: 4.25% Format your answer $xx.xx; $xx.xx ($362.75; $15.42)Calculate the missing information for the purchase. Item SellingPrice SalesTaxRate SalesTax(in $) ExciseTax Rate ExciseTax TotalPurchase Price(in $) Sofa $850.00 5 $ 0 0 $1.Calculate the missing information for the purchase. (Round your answers to the nearest cent.) Item SellingPrice SalesTaxRate SalesTax(in $) ExciseTax Rate ExciseTax(in $) TotalPurchase Price(in $) Tire $106.99 6 $ 5 $ $
- Calculate the total purchase price:Given: retail price $30,000; Sales tax 7%; Excise tax 10% Total purchase priceCalculate the actual sales since the sales and sales tax were rung up together. Assume sales tax of 6% and total sales of $23,000 Note: Round your answer to the nearest cent.How is the gross profit percentagecomputed? Illustrate its calculation and interpretationassuming Net Sales is $100,000 and Cost of Goods Sold is$60,000.
- 3. For a purchase of goods on destination, input tax of €665 is booked. How high are the trade payables?1. Given this information, what is the profit percent? Format your answer to two decimal places and add a %-sign (i.e. 4.52%) Net Sales $561,800 Cost of Goods Sold 275,280 Expenses 253,936 2. Given this information, what is the profit dollars? Round your answer to the dollar and add a dollar sign and comma separator (i.e. $15,467) Net Sales $561,800 Cost of Goods Sold 275,280 Expenses 253,936 3. Given the information below, what is the profit dollars? Round your answer to the dollar and add a dollar sign and comma separator (i.e. $15,467) Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570 Expenses 138,140 4. Given the information below, what is the profit percent? Round your answer to two decimal places and add a percent sign (i.e. 15.37%) Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570 Expenses 138,140 5. Given the information below, what are…Calculate the missing values and express your answers rounded to two decimal places. Cost Amount ofMarkup SellingPrice Rate of Markupon Cost Rate of Markupon Selling Price a. $260.00 25.00% % b. $60.00 % 30.00%
- Use Exhibit 18-1 to determine the sales tax (in $) and calculate the total purchase price (in $) for the item. (Round your answers to the nearest cent.) Item SellingPrice SalesTax TotalPurchase Price Hair dryer $19.224 Suppose the following table applies to the manufacture of wooden desks: Agent Purchase Price Sale Price Value Added Tax Paid (VAT=30%) Logger $0 $55 _________ _________ Manufacturer $55 $150 _________ _________ Retailer $150 $350 __________ _________ a. Complete the table assuming a value-added tax of 30% (subtraction method). What is the total tax revenue? b. How does this revenue compare to a sales tax of 30% levied only on the retailer? Which of the two tax collection methods is easier to avoid? Why?Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000.