Your cousin purchased a refrigerator at Costco for $794.90. The delivery charge was $24.99, and the ice maker hookup amounted to $50. The state sales tax is 6÷%, and the city tax is 3 8 1%. (a) What is the total amount of sales tax on the refrigerator? (b) What is the total purchase price?

Your cousin purchased a refrigerator at Costco for $794.90. The delivery charge was $24.99, and the ice maker hookup amounted to $50. The state sales tax is 6÷%, and the city tax is 3 8 1%. (a) What is the total amount of sales tax on the refrigerator? (b) What is the total purchase price?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Your cousin purchased a refrigerator
at Costco for $794.90. The delivery charge was
$24.99, and the ice maker hookup amounted to
$50. The state sales tax is 6÷%, and the city tax is
14%.
(a) What is the total amount of sales tax on the
refrigerator?
(b) What is the total purchase price?

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