Which sales tax and tip would be equivalent to the given increase?The tip is calculated on the value after the sales tax.Select Option A or Option B.Option AOption BRow 1Sales tax of 10% andtip of 10%Sales tax of 11% andtip of 10%Increase of21%Row 2Sales tax of 15% andtip of 20%Sales tax of 14% andtip of 24%Increase of38%Row 3Sales tax of 10% andtip of 30%Sales tax of 13% andtip of 30%Increase of43%

Particulars Option A Option B Row 1 Row 2 Row 3 Row 1 Row 2 Row 3 Bill Amount 100 100 100 100…

Answered: Which sales tax and tip would be…

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Which sales tax and tip would be equivalent to the given increase?

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter3: Organizing And Financing A New Venture

Section: Chapter Questions

Problem 7EP

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Question

100%

Which sales tax and tip would be equivalent to the given increase?
The tip is calculated on the value after the sales tax.
Select Option A or Option B.
Option A
Option B
Row 1
Sales tax of 10% and
tip of 10%
Sales tax of 11% and
tip of 10%
Increase of
21%
Row 2
Sales tax of 15% and
tip of 20%
Sales tax of 14% and
tip of 24%
Increase of
38%
Row 3
Sales tax of 10% and
tip of 30%
Sales tax of 13% and
tip of 30%
Increase of
43%

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