This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: To calculate the sales tax amount, use the following formula: Sales Tax = Selling Price x (1 + ... (Read 147 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
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)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

13.9


123654777

  • Member
  • Posts: 585
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Both the top and bottom pattern have the same frequency. However, the amount of on-time varies. Both the top and bottom pattern have the same frequency. However, the amount of on-time varies.
Calculate the physical variables Calculate the physical variables
Calculate the number of sodium ions in 0.375moles of Na2CO3.10H20 Calculate the number of sodium ions in 0.375moles of Na2CO3.10H20
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
What amount was invested 35 years ago at 7% compounded semiannually if the value of the ... What amount was invested 35 years ago at 7% compounded semiannually if the value of the ...
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library