John purchased a pair of shoes with a retail price of $49.99 from a store. If the sales tax rate was 8%, what was the price of the shoes after tax was added? Round to the nearest cent. O The price of the shoes after tax was $53.99. O The price of the shoes after tax was $51.99. O The price of the shoes after tax was $57.99. O The price of the shoes after tax was $58.99.

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
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O Sales and Excise Tax
- P/0 01 Tuei Derore sales lax
1.08
$70
= $2.50 per gallon
28
$2.50 – $2.117 = $0.383 per gallon
he value of the excise tax was $0.383 per gallon.
John purchased a pair of shoes with a retail price of $49.99 from a store. If the sales tax rate was 8%, what
was the price of the shoes after tax was added? Round to the nearest cent.
O The price of the shoes after tax was $53.99.
O The price of the shoes after tax was $51.99.
The price of the shoes after tax was $57.99.
O The price of the shoes after tax was $58.99.
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MacBook
DD
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Transcribed Image Text:iew History Bookmarks Develop Window Help A primaverahs.strongmind.com : StrongMind O Sales and Excise Tax - P/0 01 Tuei Derore sales lax 1.08 $70 = $2.50 per gallon 28 $2.50 – $2.117 = $0.383 per gallon he value of the excise tax was $0.383 per gallon. John purchased a pair of shoes with a retail price of $49.99 from a store. If the sales tax rate was 8%, what was the price of the shoes after tax was added? Round to the nearest cent. O The price of the shoes after tax was $53.99. O The price of the shoes after tax was $51.99. The price of the shoes after tax was $57.99. O The price of the shoes after tax was $58.99. 2 OF 2 TRIES REMAINING Try Again Submit MacBook DD F3 F4 F5 F6 F7 F8 F9 # $ % & 2 3 4 5 6 * 00
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