SOLUTION: 4. If a store has total receipts of $1,269.14 and the tax rate is 6.75%, how much merchandise did the store sell? How much sales tax did they collect?
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-> SOLUTION: 4. If a store has total receipts of $1,269.14 and the tax rate is 6.75%, how much merchandise did the store sell? How much sales tax did they collect?
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Question 465714: 4. If a store has total receipts of $1,269.14 and the tax rate is 6.75%, how much merchandise did the store sell? How much sales tax did they collect? Answer by sofiyac(983) (Show Source):
You can put this solution on YOUR website! 6.75% of 1269.14 is
126.14*0.0675=85.67
so 85.67 is tax and the rest is merchandise so 1269.14-85.67=1183.47 would be the amount of merchandise sold
