Spiros purchases a Rolex watch costing 10,600. State taxes are ...

[faduma]

Spiros purchases a Rolex watch costing 10,600. State taxes are 4.5 and the federal excise tax is 11. What is the total purchase price?
 A) 11,752
  B) 12,243
  C) 11,320
  D) 11,128

Question 2

A client just paid 40,500 for a diamond necklace. If the percent markup based on cost is 115, what was the cost?
 A) 17,635.71
  B) 18,837.21
  C) 37,237.76
  D) 35,217.39

[Yixagurpuldink]

Answer to Question 1

B

Answer to Question 2

B

[faduma]

YES! Correct, THANKS for helping me on my review

[dyrone]

Thanks for the timely response, appreciate it