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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

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  1. 17 December, 07:16
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    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
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Home » Business » 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
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