Mike purchases a bicycle costing $176.70. State taxes are 5% and local sales taxes are 3%. The store charges $30 for assembly. What is the total purchase price (in $)? (Round your answer to the nearest cent.)

Mike purchases a bicycle costing $176.70. State taxes are 5% and local sales taxes are 3%. The store charges $30 for assembly. What is the total purchase price (in $)? (Round your answer to the nearest cent.)

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 37P

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Mike purchases a bicycle costing $176.70. State taxes are 5% and local sales taxes are 3%. The store charges $30 for assembly.
What is the total purchase price (in $)? (Round your answer to the nearest cent.)

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