Author Question: A tax based on the retail selling or rental price of tangible personal property, collected by the ... (Read 64 times)

meagbuch · **on:** Jun 24, 2018

A tax based on the retail selling or rental price of tangible personal property, collected by the retailer at the time of purchase, and paid to the state or local government is known as sales tax.
Indicate whether the statement is true or false

Question 2

The wholesale cost of a chair is 120. The original markup was 46 based on selling price. Find the final sale price after the following series of price changes: a markdown of 30, a markdown of 11, and a markup of 5. (Round each selling price to the nearest cent)