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    Practical Business Math Procedures Study Set 2
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    Exam 19: Sales, Excise, and Property Taxes
  5. Question
    Carol Reeve Bought a New Fur Coat for $12,000
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Carol Reeve Bought a New Fur Coat for $12,000

Question 2

Question 2

Short Answer

Carol Reeve bought a new fur coat for $12,000. She must pay a 7.5% sales tax and a 10% excise tax. The furrier is shipping the coat, so Carol must also pay a $30 shipping charge. What is the total purchase price of the coat?

Correct Answer:

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