Ask questions and get helpful responses.
Ask a New Question
  1. Questions

Math

Midtown Antiques collects 4% sales tax on all sales. If total sales including tax are $1058.30, find the portion that is the tax. Round your answer to the nearest cent.

A)$40.70
B)$42.33
C)$1017.60
D)$30.70
E) none of the above

  1. 👍
  2. 👎
  3. 👁
  4. ℹ️
  5. 🚩
Robbie

  1. 4% of 1058.3 = B)

    1. 👍
    2. 👎
    3. ℹ️
    4. 🚩
    Vanessa

  2. Vanessa's answer is incorrect.

    The $1058.30 includes the 4% tax so it is really 1.04 of the the cost.
    Cost = 1058.30/1.04 = 1017.60

    So the sales were $1017.60 and the tax was $40.70

    Check: tax on $1017.60 = .04(1017.60) = $40.70
    for a total of $1017.60 + $40.70 = $1058.30

    1. 👍
    2. 👎
    3. ℹ️
    4. 🚩
    Reiny

Respond to this Question

First Name

Your Response

Similar Questions

  1. Programming in Python

    A customer in a store is purchasing five items. Design a program in python that asks for the price of each item, and then displays the subtotal of the sale, the amount of the sales tax , and the total. Assume the sales tax is 6

  2. math

    For its fleet of trucks, Overland Transport, Inc., purchased 580 tires rated at 50 pounds each. The tires had a retail price of $85 each. The sales tax in 4.5%, and the federal excise tax is $0.15 per pound. A. What are the amount

  3. Math Problem (please help)

    State sales tax is based on retail price. An item that sells for $115.99 has a sales tax of $8.12. Find a mathematical model that gives the amount of sales tax y in terms of the retail price x. (Round the coefficient to two

  4. Mathamatics

    I need help figuring out these two math word porblem: 1) A sales tax of 6% of the cost of a car was added to the purchase price of $29,500. a. how much was the sales tax? b. What is the total cost of the car, including sales tax?

  1. Math

    Midtown Antiques collects 2% sales tax on all sales. If total sales including tax are $1161.87 find the portion that is the tax amount.

  2. Math

    The original price for a pair of sneakers was $70. John bought them on sale for 25% off. The sales tax was 6%. How much did John pay for the sneakers, including sales tax? A $16.80 B $18.55 C $52.50 D $55.65

  3. Math

    please check my answer thanks :) The sales tax is 7% The purchase including sales tax is $676.24 what was tha total amount of sales tax ? I got $47.34

  4. logic and design

    You have been contracted by a local antique store to design an algorithm determining the total purchases and sales tax. According to the store owner, the user will need to see the subtotal, the sales tax amount, and the total

  1. programming

    Design a program and write program that will read a file of sales records and produce a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to

  2. Java Programming

    I'm a beginner to Java and I need to know how to do the following: Write a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county sales tax. Assume the state sales

  3. math

    You find a sales receipt from a store that shows the total price as $40, and the total amount paid including sales tax as $42. a. Write an equation you can use to find the sales tax rate which is r. what is the equation so I tried

  4. Economics

    Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue commissioner forecasts a 20 percent increase in sales tax revenue. Is this plausible? Explain. I would think not, because wouldn't the

Still need help? You can ask a new question.