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Original Question
For its fleet of trucks, Overland Transport, Inc., purchased 580 tires rated at 50 pounds each. The tires had a retail price of...Asked by Kik
For its fleet of trucks, Overland Transport, Inc., purchased 580 tires rated at 50 pounds each. The tires had a retail price of $85 each. The sales tax in 4.5%, and the federal excise tax is $0.15 per pound.
A. What are the amount of sales tax per tire and the total sales tax?
B. What are the amount of federal excise tax per tire and the total excise tax?
C. What is the total purchase price of the tires>
A. What are the amount of sales tax per tire and the total sales tax?
B. What are the amount of federal excise tax per tire and the total excise tax?
C. What is the total purchase price of the tires>
Answers
Answered by
Steve
A 85*.045 per tire
multiply that by 580 tires for total
B .15*50 per tire
*580 for total
C add $85 and per-tire taxes for total price per tire. *580 for total price.
multiply that by 580 tires for total
B .15*50 per tire
*580 for total
C add $85 and per-tire taxes for total price per tire. *580 for total price.
Answered by
bbb
what is the answer i don't know
Answered by
Steve
what, you can't use a calculator to find that
A: 85*.045 = $3.825 per tire sales tax
3.825 * 580 = $2218.50 total sales tax
??
now do the same for B
A: 85*.045 = $3.825 per tire sales tax
3.825 * 580 = $2218.50 total sales tax
??
now do the same for B
Answered by
vic2bic
Sales tax = Selling price × Sales tax rate
Excise tax = Selling price × Excise tax rate
Total purchase price = Selling price + Sales tax + Excise tax
To get the total you just multiply the individual rate by 580 :)
Excise tax = Selling price × Excise tax rate
Total purchase price = Selling price + Sales tax + Excise tax
To get the total you just multiply the individual rate by 580 :)
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