
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 110
You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 6%, 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 $376,250.
a. How much of this revenue was sales and how much was sales tax
b. How much sales tax should be sent to the city
c. How much sales tax should be sent to the state
a. How much of this revenue was sales and how much was sales tax
b. How much sales tax should be sent to the city
c. How much sales tax should be sent to the state
Explanation
Given that the total revenue is
.
The ...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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