SOLUTION: Because of a delay in service, the store manager agrees to sell a used washing machine for $300. This includes the delivery charge ($21.95) and 7% sales tax; no tax is paid on the
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Question 909297: Because of a delay in service, the store manager agrees to sell a used washing machine for $300. This includes the delivery charge ($21.95) and 7% sales tax; no tax is paid on the delivery charge. How much should he record as the purchase price? (Round your answer to the nearest cent.)
Answer by JulietG(1812) (Show Source): You can put this solution on YOUR website!
300 - 21.95 = 278.05
278.05 = 1.07x
Divide each side by 1.07
= $259.86
Check:
$259.86 * .07 = $18.19, the tax
259.86 + 18.19 = $278.05
278.05 + delivery of 21.95 = $300.00
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