Judy Ring purchased a watch with a retail price of $8,000. She would still have to pay a sales tax of 6% and an excise tax of 10%. Since the jeweler would be shipping this, there would be an additional $20 shipping charge. The total purchase price of this watch for Judy is:

Question

Quizplus · Accepted Answer

The total purchase price is the retail price plus the sales tax, excise tax, and shipping charge. The sales tax is 6% of the retail price, which is $8,000 x 0.06 = $480. The excise tax is 10% of the retail price, which is $8,000 x 0.10 = $800. The total purchase price is $8,000 + $480 + $800 + $20 = $9,300.

Judy Ring Purchased a Watch with a Retail Price of $8,000