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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
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Expert answered|ambrosio_09|Points 330|
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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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