Lois Clark bought a ring for $6,700. She must still pay a 5% sales tax and a 10% excise tax. The jeweler is shipping the ring, so Lois must also pay a $40 shipping charge. What is the total purchase price of Lois's ring? Total purchase price
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- Jeff Jones bought a ring for $4,000 from Zales. He must pay a 7% sales tax and 10% excise tax. Since the jeweler is shipping the ring, Jeff must also pay a $30 shipping charge. What is the total purchase price of Jeff’s ring? Total purchase priceSam bought a ring for $2,000 from Zales. He must pay at 6% sales tax and 9% excise tax. Since the Jeweler is shipping the ring, Sam must also pay a $20 shipping charge. What is the total purchase of Sam's ring?Megan bought 50 beads for $9.95. She received a 10% discount, and she paid a sales tax of 6%. How much did she pay for the beads? Search entries or author Unread larr Reply Replies are only visible to those who have posted at least one reply.
- A jeweler buys a ring from a jewelry maker for $125. He marks up the price by 135% for sale in his store. What is the selling price of the ring with 7.5% sales tax?Kayla just signed a contract to purchase her inventory exclusively from one vendor. The contract allows for terms of 3/15, net 90. Kayla estimates that she will need to borrow $150,000 to take the discount. Her bank will lend money for 75 days at an interest cost of $2,000. Should Kayla borrow the money to take the discount? Or does it make more sense for her to not take the discount and just pay her invoice within 90 days? Back up your recommendations with your calculations.Preet wants to purchase a new dress for wedding at a cost of $1200 plus 12% tax. She can afford to make monthly repayments of $85 and has two credit options. a) The first is to use the store credit card which charges 21.3% annual interest, compounded daily on outstanding balances, but offers to pay 12% tax on the dress. b) Her other option is her bank credit card which charges 14.9% annual interest, compounded daily. The card does not have an outstanding balance. By how much is one of the options less expensive than the other?
- Freddy runs a business selling clocks. He buys 457 clocks for $44 each (including GST) and sells for $77 each (inc GST). He is registered for GST credits. How much should he remit to the ATO once all the clocks are sold?For his birthday, Michael choose to have a brand new car instead of debut party. His father brought her brand new car worth $980,000.00 in cash. The car dealer gave a discount of $40,000.00. How much commission will the sales agent receive if he has given a commission rate of 2%?Melissa buys 16 apples. Each apple cost $2.00 per pound and each apple weighs 1 pound. a. Find the total cost including a 10% discount and a 7% sales tax. b. How much change will Melissa receive if she pays with a $50 bill?
- There are 2 sellers in the market. Jane sells high quality cars that costs her 10,000 dollars and consumers are willing to pay 14, 000 for them. Mary sells low quality cars. She buys them at 6,000 dollars and consumers are willing to pay 10,000 for them. A warrant costs Jane 600t and costs Mary 1200t, where t is number of warranty years. What year warranty should Jane set to prevent Mary from matching her offer? * None of the above O 1.5 3.33 O 1.67 O 210. Casey purchases a $2800 engagement ring. It has a 7% sales tax and a 10% excise tax. Casey does have a discount code of $100. What is the final cost of the ring?Deja owns a photo printing business and wants to purchase a new state-of-the-art photo printer that she found online for $9,275, plus sales tax of 5.5%. The supply company is offering cash terms of 2/15, n/30, with a 1.5% service charge on late payments, or 90 days same as cash financing if Deja is approved for a company line of credit. If she is unable to pay within 90 days under the second option, she would have to pay 22.9% annual simple interest for the first 90 days, plus 2% simple interest per month on the unpaid balance after 90 days. Deja has an excellent credit rating but is unsure of what to do. a) If Deja took the cash option and was able to pay off the printer within the 15-day discount period, how much would she save? How much would she owe? b) If Deja takes the 90 days same as cash option and purchases the printer on December 30 to get a current-year tax deduction, using exact time, what is her deadline for paying no interest in a non-leap year? In a leap year?