You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 5%, and your city has an additional sales tax of 1.5%. Each quarter you are responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $479,250. (a) How much of this revenue was sales (in $) and how much was sales tax (in $)? sales sales tax (b) How much sales tax (in $) should be sent to the city? $ (c) How much sales tax (in $) should be sent to the state?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 5%, and your city has an additional sales tax of 1.5%. Each quarter you are
responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $479,250.
(a) How much of this revenue was sales (in $) and how much was sales tax (in $)?
sales
$
sales tax
2$
(b) How much sales tax (in $) should be sent to the city?
2$
(c) How much sales tax (in $) should be sent to the state?
$
Transcribed Image Text:You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 5%, and your city has an additional sales tax of 1.5%. Each quarter you are responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $479,250. (a) How much of this revenue was sales (in $) and how much was sales tax (in $)? sales $ sales tax 2$ (b) How much sales tax (in $) should be sent to the city? 2$ (c) How much sales tax (in $) should be sent to the state? $
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