Herald Company sold merchandise for which it received $1,065,600, including sales and excise taxes. All of the firm's sales are subject to a 6% sales tax but only 50% of sales are subject to a 10% excise tax.
Sales before sales taxes and excise taxes were:
A) $900,000
B) $960,000
C) $948,384
D) $948,000
Correct Answer:
Verified
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