Spiros purchases a Rolex watch costing $10,200. State taxes are 5.5% and the federal excise tax is 12%.What is the total purchase price? (Round your answer to the nearest cent.)$10,761.00$10,773.03$11,424.00$11,985.00

Step 1:We have to calculate the sales tax on the Rolex watchCost of Rolex watch = $ 10200Sales tax =…

Answered: Spiros purchases a Rolex watch costing…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

Mike purchases a bicycle costing $176.70. State taxes are 5% and local sales taxes are 2%. The store charges $30 for assembly. What is the total purchase price (in $)? (Round your answer to the nearest cent.)
Nancy Regan purchased a new diamond bracelet for $12,600. The state sales tax is 6% and the federal excise tax on the jewelry is 11%. What is the total purchase price of the bracelet? Round your answer to the nearest cent. Please use method: Total purchase price = selling price + sales tax + other charges
7. Clinton Horvath purchases a $147.50 tool set and a tool box for $27.55. The sales tax rate is 6%. What is the sales tax on Clinton's purchases? 8. Isabel Merquez purchases eight snark plugs at $1.6 fo ns of oit at $1. 49 3.79. The sales tax rate is 7%. per o 20 and a. wwhat is the total selling price?
9. Rolland Hendricks purchases three flashlight batteries at $.89 each and two rolls of film at $1.99 each. He also has two rolls of film developed at $5.49 per roll. The sales tax rate is 3%. a. What is the total selling price? b. What is the sales tax?
10. You purchase a $196.00 tent, two sleeping bags at $49.50 each, a campstool for $15.95, and two air mattresses at $27.90 each. The sales tax rate is 6%. a. What is the total selling price of your purchases? b. What is the sales tax on your purchase?
10. Casey purchases a $2800 engagement ring. It has a 7% sales tax and a 10% excise tax. Casey does have a discount code of $100. What is the final cost of the ring?
8. Isabel Marquez purchases eight spark plugs at $1.65 each, six cans of oil at $1.49 per can, an oil filter for $3.39, and an air filter for $3.79. The sales tax rate is 7%. a. What is the total selling price? b. What is the sales tax?
9. You purchase a $149.88 camera, a case for $21.88, a wide-angle lens for $127.88, and a zoom lens for $177.88. The sales tax rate is 5.2%. a. What is the total selling price of your purchases? b. What is the sales tax on your purchases? c. What is the total purchase price of your purchases?
Mike purchases a bicycle costing $142.80. State taxes are 6% and local sales taxes are 3%. The store charges $20 for assembly. What is the total purchase price?
5. At J&J Department Store, Sam Dodson purchases a cassette tape player for $88.98 and three tapes for $4.98 each. The sales tax rate is 4.5%. What is the sales tax on Sam's purchases? eold chain fo $42.50, and a 6.Darlene Jaworski purchases an $84.00 caloulator book for sale $13.80. The Sales tax?
6. Darlene Jaworski purchases an $84.00 calculator, a gold chain for $42.50, and a book for $13.80. The sales tax rate is 5.5%. What is the sales tax? 7. Clinton Horvath purchases a $147.50 tool set and a tool box for $27.55. The sales X rate is ax on Clinton's purchases? 8 Isabel Marau cight snark nlugn ot
Mike purchases a bicycle costing $176.90. State taxes are 5% and local sales taxes are 3% the store charges $20 for assembly. What is the total purchase price in money

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

Spiros purchases a Rolex watch costing $10,200. State taxes are 5.5% and the federal excise tax is 12%. What is the total purchase price? (Round your answer to the nearest cent.) $10,761.00 $10,773.03 $11,424.00 $11,985.00