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If they purchase it in Florida? Spiral Review. Multiply. (Skill8) 16.7.4 X 9.2 17. 15.6 X 9.142 18. 0.91 X 0.004 19. Meg Harrington's savings account has a principal of $1,200 and earns 6% interest compounded quarterly for 2 quarters. Calculate the com- pound interest amount. (Lesson 5.5) GET READY for the Next Lesson PREREQUISITE SKILL Rounding Numbers (Skill 2)

If they purchase it in Florida? Spiral Review. Multiply. (Skill8) 16.7.4 X 9.2 17. 15.6 X 9.142 18. 0.91 X 0.004 19. Meg Harrington's savings account has a principal of $1,200 and earns 6% interest compounded quarterly for 2 quarters. Calculate the com- pound interest amount. (Lesson 5.5) GET READY for the Next Lesson PREREQUISITE SKILL Rounding Numbers (Skill 2)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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For Problems 9-13, determine the (a) total selling price, (b) sales tax, and (c) total purchase price. 9. Goldie Esparza buys 4 paper lanterns at $14.95 each, 2 piñatas for $19.95, and 2 strings of white lights at $19.99 each. The sales tax rate is 4%. 10. Norma Engel buys an inflatable canoe for $194.94, 2 paddles for $44.95, and 9 energy bars at $0.89 each. The sales tax rate is 5.5%. 11. Nicole Burley purchases 6 quarts of motor oil at $1.79 per quart, 8 spark plugs at 4 for $7.99,2 wiper blades at $13.99 each, 4 packs of polishing rags at 2 for $3.99, a can of polish for $7.55, and an oil filter for $5.99 in Cleveland, Ohio, where the sales tax rate is 7.5%. 12. Ralph Chang purchases a scanner for $85.85, 12 boxes of toner at $14.55 cach, 24 ballpoint pens at $1.14 each, 2 boxes of memo pads at $4.19 a box, 12 report covers at $2.89 each, and an extension cord for $25.95 at Ned's Office Store in Los Angeles. The sales tax rate is 8.25%. 13. Gavin Franks purchases a digital camera for $599.99, a tripod for $59.97, a camera accessory kit for $89.99, a printer for $84.99, 4 photo printer cartridges at $44.99 eạch, 2 black ink cartridges at $19.99 each, 4 packs of premium grade photo paper at 2 for $39.99, and 4 photo writing pens at 2 for $2.39. The sales tax rate is 6.4 %. 14. ALGEBRA Mi Lynn Sato gave the sales clerk a $50 bill and a $5 bill and received $2.40 in change. If the sales tax rate in her community was 5.25%, what was the item's total selling price? 15. ALGEBRA Elaine and Abraham Martz have homes in Florida and Ohio. They realize that they could save $1,154.13 in sales tax on their new luxury automobile if they purchase it in their Florida community, where the sales tax rate is 4.75%, rather than in their Ohio community, where the sales tax rate is 7.5%. The auto's total selling price is the same in Florida and Ohio. What is the total purchase price of their auto if they purchase it in Florida? Did You Know? The First Digital Camera Steven Sasson, an engi- the Eastman neer for Kodak Company, made the first prototype of a digital camera in 1975. The camera weighed s pounds and produced lack-and-white pictures with .01 megapixel reso- tion, one-thousandth e capability of the 10- egapixel cameras com- rcially available today. E Problems Spiral Review. Multiply. (Skill 8) 16.7.4 X 9.2 17. 15.6 X 9.142 18. 0.91 X 0.004 19. Meg Harrington's savings account has a principal of $1,200 and earns 6% interest compounded quarterly for 2 quarters. Calculate the com- pound interest amount. (Lesson 5.5) GET READY for the Next Lesson PREREQUISITE SKILL Rounding Numbers (Skill 2) Round to the nearest hundredth. L0190 20. 6.873 21. 59.8655 Round to the nearest tenth. 22. 44.45 23. $984.08 Round to the nearest whole number. 24. 25.886 25. $24.59
Transcribed Image Text:For Problems 9-13, determine the (a) total selling price, (b) sales tax, and (c) total purchase price. 9. Goldie Esparza buys 4 paper lanterns at $14.95 each, 2 piñatas for $19.95, and 2 strings of white lights at $19.99 each. The sales tax rate is 4%. 10. Norma Engel buys an inflatable canoe for $194.94, 2 paddles for $44.95, and 9 energy bars at $0.89 each. The sales tax rate is 5.5%. 11. Nicole Burley purchases 6 quarts of motor oil at $1.79 per quart, 8 spark plugs at 4 for $7.99,2 wiper blades at $13.99 each, 4 packs of polishing rags at 2 for $3.99, a can of polish for $7.55, and an oil filter for $5.99 in Cleveland, Ohio, where the sales tax rate is 7.5%. 12. Ralph Chang purchases a scanner for $85.85, 12 boxes of toner at $14.55 cach, 24 ballpoint pens at $1.14 each, 2 boxes of memo pads at $4.19 a box, 12 report covers at $2.89 each, and an extension cord for $25.95 at Ned's Office Store in Los Angeles. The sales tax rate is 8.25%. 13. Gavin Franks purchases a digital camera for $599.99, a tripod for $59.97, a camera accessory kit for $89.99, a printer for $84.99, 4 photo printer cartridges at $44.99 eạch, 2 black ink cartridges at $19.99 each, 4 packs of premium grade photo paper at 2 for $39.99, and 4 photo writing pens at 2 for $2.39. The sales tax rate is 6.4 %. 14. ALGEBRA Mi Lynn Sato gave the sales clerk a $50 bill and a $5 bill and received $2.40 in change. If the sales tax rate in her community was 5.25%, what was the item's total selling price? 15. ALGEBRA Elaine and Abraham Martz have homes in Florida and Ohio. They realize that they could save $1,154.13 in sales tax on their new luxury automobile if they purchase it in their Florida community, where the sales tax rate is 4.75%, rather than in their Ohio community, where the sales tax rate is 7.5%. The auto's total selling price is the same in Florida and Ohio. What is the total purchase price of their auto if they purchase it in Florida? Did You Know? The First Digital Camera Steven Sasson, an engi- the Eastman neer for Kodak Company, made the first prototype of a digital camera in 1975. The camera weighed s pounds and produced lack-and-white pictures with .01 megapixel reso- tion, one-thousandth e capability of the 10- egapixel cameras com- rcially available today. E Problems Spiral Review. Multiply. (Skill 8) 16.7.4 X 9.2 17. 15.6 X 9.142 18. 0.91 X 0.004 19. Meg Harrington's savings account has a principal of $1,200 and earns 6% interest compounded quarterly for 2 quarters. Calculate the com- pound interest amount. (Lesson 5.5) GET READY for the Next Lesson PREREQUISITE SKILL Rounding Numbers (Skill 2) Round to the nearest hundredth. L0190 20. 6.873 21. 59.8655 Round to the nearest tenth. 22. 44.45 23. $984.08 Round to the nearest whole number. 24. 25.886 25. $24.59
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