menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Math For Business
  4. Exam
    Exam 8: Sales, Excise, and Property Taxes
  5. Question
    Carol Reeve Bought a New Fur Coat for $8,000
Solved

Carol Reeve Bought a New Fur Coat for $8,000

Question 67

Question 67

Short Answer

Carol Reeve bought a new fur coat for $8,000. She must pay a 5% sales tax and a 7% excise tax. The furrier is shipping the coat, so Carol must also pay a $15 shipping charge. What is the total purchase price of the coat?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q24: Excise tax is a tax paid in

Q32: Which of the following are examples of

Q40: French County needs $915,000 from property tax

Q51: Bill Shass pays a property tax of

Q63: The tax rate per dollar in a

Q64: Calculate the assessed valuation: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7808/.jpg" alt="Calculate

Q71: In the community of Borg, the market

Q93: Bonnie Flow pays a property tax of

Q94: Tax rates may be expressed in more

Q100: Personal property items do not include:<br>A)Jewelry<br>B)Land<br>C)Autos<br>D)Furniture<br>E)None of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines