Express Books advertised a college dictionary for $27.65 and a dictionary software package for $29.80. The state tax is 5.5 percent and the city tax is 1.5 percent. What is the total purchase price?
A.
$55.67
B.
$61.47
C.
$58.99
D.
$60.60
The total purchase price is $61.47
Price of the college dictionary: $27.65
Solution:
Price of the dictionary software package: $29.80
State tax rate: 5.5%
City tax rate: 1.5%
State tax amount: 5.5% of ($27.65 + $29.80)
= 5.5% of $57.45
= $3.16
City tax amount: 1.5% of ($27.65 + $29.80)
= 1.5% of $57.45
= $0.86
Total tax amount: $3.16 + $0.86
= $4.02
Total purchase price: $27.65 + $29.80 + $4.02
= $61.47
Expert answered|ambrosio_09|Points 330|
Question
Asked 11/2/2010 8:52:17 PM
Updated 5/31/2023 5:44:19 PM
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Edited by
Masamune [5/31/2023 5:44:14 PM]
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