A student prepared the following spreadsheet model to calculate the final price of clothing items which complete, the student included a calculation of sales tax in the final price, given the original price (130), c rate (0.06) shown below. A B 2 Original Price 3 Discount (%) 4 Discount ($) 5 Net Price 6 Sales Tax(%) 7 Sales Tax($) 8 Final Price 130 0.21 = B2 x B3 = B2 B4 0.06 = ROUND (B5 x B6,2) = ROUND (B5 + B7,2) Determine what values the spreadsheet should display. (Round your answer to 2 decimal places.)
A student prepared the following spreadsheet model to calculate the final price of clothing items which complete, the student included a calculation of sales tax in the final price, given the original price (130), c rate (0.06) shown below. A B 2 Original Price 3 Discount (%) 4 Discount ($) 5 Net Price 6 Sales Tax(%) 7 Sales Tax($) 8 Final Price 130 0.21 = B2 x B3 = B2 B4 0.06 = ROUND (B5 x B6,2) = ROUND (B5 + B7,2) Determine what values the spreadsheet should display. (Round your answer to 2 decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A student prepared the following spreadsheet model to calculate the final price of clothing items which are sold at a discount To be
complete, the student included a calculation of sales tax in the final price, given the original price (130), discount (0.21), and sales tax
rate (0.06) shown below.
A
1.
2 Original Price
3 Discount (%)
4 Discount ($)
5 Net Price
6 Sales Tax(%)
7 Sales Tax($)
130
0.21
= B2 x B3
= B2 B4
0.06
ROUND (B5 X B6, 2)
= ROUND (B5 + B7,2)
8
Final Price
Determine what values the spreadsheet should display. (Round your answer to 2 decimal places.)
Cell
Value
B4 (Discount in dollars)
B5 (Net Price)
B7 (Sales tax in dollars)
B8 (Final Price)
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