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?Nancy Regan purchased a new diamond bracelet for $12,600. The state sales tax is 6% and the federal excise tax on the jewelry is 11%. What is the total purchase price of the bracelet? Round your answer to the nearest cent. Please use method: Total purchase price = selling price + sales tax + other chargesErin is registered for sales tax. During May, she sold goods with a list price of $600, excluding sales tax, to Kyle on credit. As Kyle was buying a large quantity of goods, Erin deducted trade discount of 5% of the normal list price. If sales tax is charged at 15%, what will be the gross value of the sales invoice prepared by Erin?
- Paula bought a new flotation tank for $8,000. She must pay 5% sales tax and 7% excise tax. The company is shipping the tank, so Paula must also pay a $15 insurance charge. What's the total purchase price of the tank? A. $8,560 B. $8,400 C. $8,975 D. $8,960Erin is registered for sales tax. During May, she sold goods with a list price of $600, excluding sales tax, to Kyle on credit. As Kyle was buying a large quantity of goods, Erin applied a trade discount of 5% of the normal list price. If sales tax is charged at 15%, what will be the gross value of the sales invoice prepared by Erin? %24Carol Shan bought a new Apple iPod at Best Buy for $299. The price included a 5% sales tax. What are the sales tax and the selling price before the tax? (Round your answers to the nearest cent.)
- 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?Ester has a small store. For the current month, she purchased merchandise costing 75000 for which she paid for 7500. She sold 60% of the merchandise for 68000, after spending for various expenses totaling 13000. She also paid 2000 for the interest on a money she borrowed for her store. a. How musch was her cost of sales?b. How much gross profit did she make?c. How much operating profit did she make?