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Author Question: To calculate the sales tax amount, use the following formula: Sales Tax = Selling Price x (1 + ... (Read 149 times)

123654777

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on: Jun 24, 2018
To calculate the sales tax amount, use the following formula:  Sales Tax = Selling Price x (1 + Sales Tax Rate)
  Indicate whether the statement is true or false

Question 2

The Mills Lunch Shop prepares fresh take-out entrees each day. On Tuesday, 40 baked chicken dinners were prepared at a cost of 3.20 each. A 20 spoilage rate is anticipated. Mills Lunch Shop sells the dinners at an 80 markup based on cost. They decided to offer a 1.00-off coupon in a newspaper advertisement. What markdown percentage does this coupon represent? (Round to the nearest tenth of a percent)


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xiaomengxian

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

13.9


123654777

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

peter

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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