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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 2
Calculate the missing information for the following purchases.
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 is 4.5%, and the federal excise tax is $0.15 per pound.
a. What are the amount of sales tax per tire and the total sales tax
b. What are the amount of federal excise tax per tire and the total excise tax
c. What is the total purchase price of the tires
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 is 4.5%, and the federal excise tax is $0.15 per pound.
a. What are the amount of sales tax per tire and the total sales tax
b. What are the amount of federal excise tax per tire and the total excise tax
c. What is the total purchase price of the tires
Explanation
Verified
Verified
Given,
OT Inc. purchased
tires rated a...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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