1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gennadij [26K]
3 years ago
8

Mrs. Torres goes out of town on a business trip. She spends 3 nights in a hotel at a charge of $80 per night. She pays 9% tax on

the room and tips the maid service 10% of the room charge. Mrs. Torres also has meals worth $109.30 before tax and she tips 15%. If the total cost of her trip is $420.04, approximately what tax rate does Mrs. Torres pay on her meals?
a.6%
b.7%
c.8%
d.9%
Business
2 answers:
Bumek [7]3 years ago
6 0
We are given the different rates and charges and is asked in the problem the unknown tax rate she pays on meals if the total cost of the trip is equal ot $420.04. In this case, the equation goes: 
80 x 3 + 80 x 0.1 x 3 + 80 x 0.09 x 3 + 109.3 x 1.15 + 109. 3 x z = 420.04
z = 0.08 
marshall27 [118]3 years ago
3 0

Answer:

c. 8%

Explanation:

first find the total room cost, and the tax and tip.

80 x 3 = $240 - 3 night rate

240 x 0.10 = $24 - maid tip

240 x 0.09 = $21.60 - room tax

then find the tip on the food.

109.30 x 0.15 = $16.40 - food tip

add it all together and subtract that from the total.

240 + 24 + 21.6 + 109.3 + 16.4 = 411.30 - total without the food tax

420.04 - 411.30 = 8.74 - food tax

now check each of the answers against the amount for the food tax.

109.30 x 0.06 = 6.56

109.30 x 0.07 = 7.65

109.30 x 0.08 = 8.74

109.30 x 0.09 = 9.84

So, the answer is C. 8%

You might be interested in
Suppose you owned a portfolio consisting of $250,000 of long-term U.S. government bonds. Would your portfolio be riskless? Expla
hammer [34]

Answer and Explanation:

An investment when it would be risk free in that case both the principal and the interest amount are to be paid within the prescribed time. Also when the U.S government bonds i.e. long term would be issued by the government have a lesser interest rate as compared with the other riskier securities available at the market place this is because as the government would default next to zero in case of the short term it would make the default when there are extreme situations arise.

Therefore in the short term it would be risk free

But in the long run, the person is based on the treasury bills returns so that he or she could equate the similar standard of living also it would not suffice when the inflation rises

Therefore the less risky investment would be of Government bonds

6 0
3 years ago
Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base period. Seafood 2000 Qty. (lb)
Ksivusya [100]

Answer:

a) Price Relative for Halibut is 115.9 (1 d.p)

Price Relative for Lobster is 85.4 (1 d.p)

Price Relative for Tuna is 105.4 (1 d.p)

b) The Weighted Aggregate Price Index for the seafood catch is 98.4.

Explanation:

a) The Price Relative for a good refers to it's current price divided by it's base price times 100. It therefore measures a change in price across different periods.

Writing the formula as stated is,

Price Relative = Current Price / Base Price * 100

Price Relative for Halibut = 2.33/2.01 * 100

= 115.9 (1 d.p)

Price Relative for Lobster = 3.09/3.62 * 100

= 85.4 (1 d.p)

Price Relative for Tuna = 1.97/1.87 * 100

= 105.35

= 105.4 (1 d.p)

b) The Weighted Aggregate Price Index enables us to see how prices in a particular basket has changed over a period of time. It is calculated as follows,

Weighted Price Index = (Sum of Weighted Current Price ) / ( Sum of weighted Base Price) * 100

Sum of Weighted Current Price = (75,190 * 2.33) + (83,080 * 3.09) + ( 50,779 * 1.97)

= 538,124.53

Sum of Weighted Base Price = (75,190 * 2.01) + (83,080 * 3.62) + ( 50,779 * 1.87)

= 546,838.23

Weighted Price Index = (538,124.53 / 546,838.23) *100

= 98.4

The Weighted Aggregate Price Index for the seafood catch is 98.4.

6 0
3 years ago
A middleman is Multiple Choice a person or firm whose sole responsibility is bringing a buyer to the last link in the distributi
hichkok12 [17]

Answer:

would you still like me to help you with this question

5 0
2 years ago
Transaction Processing Systems (TPS) can make decisions using predetermined rules and processes. This is an example of a(n) ____
avanturin [10]

TPS can make decisions based on pre-defined rules and processes. This is an example of an operational control's structured decision.

<h3>What is Transaction Processing Systems?</h3>

Transaction processing system is also denoted as TPS. It is a method of computing that breaks down work into discrete, indivisible activities known as transactions.

A transaction processing system is a software or may be hardware combination that facilitates transaction processing.

Therefore, the TPS is an example of a structured decision of an operational control.

Learn more about the Transaction Processing Systems, refer to:

brainly.com/question/11621307

#SPJ1

3 0
2 years ago
17. Which of the following is a false statement about the goals of management? A. Management's concern is that a union will crea
love history [14]
I think it's either A) or B) Let me know
6 0
3 years ago
Other questions:
  • Chhom Corporation makes a product whose direct labor standards are 0.9 hours per unit and $30 per hour. In November the company
    10·1 answer
  • Suppose an initial investment of $80 will return $30/year for three years (assume the $30 is received each year at the end of th
    8·1 answer
  • Which of the following is the objective of life insurance?
    14·1 answer
  • When describing business intelligence to a group of nurse managers, which definition would the nursing informatics specialist in
    15·1 answer
  • National Financial​ Services, Inc. invested $ 24,000 to acquire 5,000 shares of Stonebridge​ Investments, Inc. on March​ 15, 201
    11·1 answer
  • Ferris owns an apartment in an apartment complex. The apartment-complex rules require the owner of each apartment to maintain it
    5·1 answer
  • Which behavior would most offices consider
    8·1 answer
  • Accompanying a bank statement for Marsh Land Properties is a credit memo for payment on a $15,000 one-year note receivable and $
    15·1 answer
  • Courington Detailing's cost formula for its materials and supplies is $1,920 per month plus $11 per vehicle. For the month of Au
    8·1 answer
  • To calculate cost of goods sold during the year, take total cost of goods manufactured and:_________
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!