This topic contains a solution. Click here to go to the answer

Author Question: You buy fishing equipment costing 278. State taxes are 5.5 and the federal excise tax on this item ... (Read 114 times)

Deast7027

  • Hero Member
  • *****
  • Posts: 538
You buy fishing equipment costing 278. State taxes are 5.5 and the federal excise tax on this item is 12.45. What is the total purchase price? (Round your answer to the nearest cent if necessary)
 A) 295.95
  B) 342.19
  C) 327.90
  D) 3,755.00

Question 2

Markdowns are frequently used in retailing because of errors in initial pricing or merchandise selection.
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raili21

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

C

Answer to Question 2

TRUE





 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

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

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

For a complete list of videos, visit our video library