Sales Tax: If the purchase price of a bottle of California wine is $24 and the s
ID: 3135707 • Letter: S
Question
Sales Tax: If the purchase price of a bottle of California wine is $24 and the sales tax is $1.50, what is the sales tax rate?
The sales tax rate is %.
A tire salesperson has a 14% commission rate. If he sells a set of radial tires for $800, what is his commission?
His commission is $.
If an appliance salesperson gets 7% commission on all the appliances she sells, what is the price of a refrigerator if her commission is $36.75?
The price of the refrigerator is $.
A realtor makes a commission of $2,000 on a $50,000 house he sells. What is his commission rate?
His commission rate is %.
The sales tax rate is 9.25% and the sales tax is $14.35, what is the purchase price? (Round to the nearest cent.)
The purchase price is $.
What is the total price? (Round to the nearest cent.)
The total price is $.
Explanation / Answer
a) If the purchase price of a bottle of California wine is $24 and the sales tax is $1.50, Then the sales tax rate is given by
Sales tax rate = (1.50/24)*100
= 6.25
The Sales tax rate is 6.25%
b) A tire salesperson has a 14% commission rate. If he sells a set of radial tires for $800, Then his commission is given by.
Commission = 14% of 800
=(14/100)*800
= 112
His commission is $112
c) If an appliance salesperson gets 7% commission on all the appliances she sells, if her commission is $36.75 then the price of a refrigerator is given by
commission = 7% of Price
36.75 = (7/100)*Price
Price = (3675/7)
= 525
the price of a refrigerator is $525
d) A realtor makes a commission of $2,000 on a $50,000 house he sells. his commission rate is given by
Commission rate = (2000/50000)*100
= 4
his commission rate is 4%
e) The sales tax rate is 9.25% and the sales tax is $14.35, the purchase price is given by
Sale tax = 9.25% of purchase price
14.35 = (9.25/100)*purchase price
purchase price = 1435/9.25
= 155.14
purchase price = $155.14
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