The collected tax on purchase of $76.00 is $5.32
Further explanation:
The sales tax is calculated on the total sales by the formula
Given
Total purchase = $76.00
Percentage of tax = 7%
So,
Putting the values in the formula
So, the collected tax on purchase of $76.00 is $5.32
Keywords: Tax, tax calculation
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Answer:$3,700
Step-by-step explanation:
Gross sales are the total amount of sales a company earned throughout a specific period of time, without taking into consideration any costs involved with running a business. Gross sales do not factor in expenses related to running a business, also known as cost of goods sold (COGS), which get deducted when calculating net sales. For example, they do not account for costs associated with item production, employee wages, building rent, returns, theft or sales tax.
Gross Sales = $3,700
To isolate b, add a and subtract c to the entire equation:
D - a + c = -b
Muliply b by -1 to eliminate the negative:
-D + a - c = b
Answer:
c
Step-by-step explanation:
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