Question
Asked Dec 17, 2019
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Paula bought a new flotation tank for $8,000. She must pay 5% sales tax and 7% excise tax. The company is shipping the tank, so Paula must also pay a $15 insurance charge. What's the total purchase price of the tank?
    
A. $8,560
B. $8,400
C. $8,975
D. $8,960
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Expert Answer

Step 1

Computation:

Hence, the total purchase price of the flotation tank is $8,975.

Answer: Option C

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J7 A Particulars 2 Price of flotation tank 8000 3 Sales tax 4 Excise tax 400 560 5 Insurance 15 S8,975 Total purchase price 6

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