Ask Question
17 December, 04:52

Julie's Boutique has total receipts for the month of $30,660 including sales taxes. If the sales tax rate is 5%, what are Julie's sales for the month? Question 10 options: A) $32,193 B) $29,200 C) It cannot be determined. D) $29,127

+1
Answers (1)
  1. 17 December, 07:16
    0
    The correct answer is B) $29,200

    Explanation:

    Px is total receipts for the month including sales taxes

    Px' is total receipts for the month not including sales taxes

    t=is tax rate

    Taxes is Px' * tax rate

    Px=Px' + taxes

    Px=Px' + Px' * tax rate

    Px=Px' * (1+tax rate)

    We need to know Px'

    So, Px'=Px / (1+tax rate)

    Replacing,

    Px'=30,660/1,05=$29,200
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Julie's Boutique has total receipts for the month of $30,660 including sales taxes. If the sales tax rate is 5%, what are Julie's sales for ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers