Question

Determine the amount of cash collected on a credit sale in the amount of $4,500 and subject to a 6% sales tax when $500 worth of merchandise has already been returned for credit. A. $4,240.00 B. $4,500.00 C. $4,000.00 D. $3,860.00

Answer 1

You add 6% sales tax (4000*.06 = 240) 4000+240 = 4240 So A. is your answer.