   Chapter 18.I, Problem 15RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Sig Moline purchased supplies at Office Max for a total purchase price of $46.71. The state has a sales tax.a. What was the selling price of the supplies?b. What was the amount of sales tax? (a) To determine To calculate: The selling price of supplies when the total purchase price of supplies is$46.71.

Explanation

Given Information:

The total purchase price of supplies is $46.71 and the state sales taxes amount is 4%. Formula used: The selling price is: Selling price=Total purchase price100%+Sales tax rate Calculation: Consider the total purchase price of supplies is$46.71 and the state sales taxes amount is 4%.

The selling price is:

Selling price=Total purchase price100%+

(b)

To determine

To calculate: The amount of sales tax of supplies when the total purchase price of supplies is \$46.71.

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