Suppose a state gets its money from a state lottery, a property tax, an excise tax, and a sales tax of 4%. It will receive $25 million from the state lottery, $35 million from the property tax, and $7 million from the excise tax this year. If it needs $75 million to cover its expenses, how many dollars worth of taxable items must be purchased in the state this year for the state to break even

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Suppose a state gets its money
from a state lottery, a property
tax, an excise tax, and a sales
tax of 4%. It will receive $25
million from the state lottery,
$35 million from the property
tax, and $7 million from the
excise tax this year. If it needs
$75 million to cover its
expenses, how many dollars
worth of taxable items must be
purchased in the state this year
for the state to break even?

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