The Logan Company issued 140 shares of its $12 par value stock for $14 per share. The entry to record the receipt of cash and is
1 answer:
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Answer:
Step-by-step explanation:
The equations given are:
For the equations to generate the same independent value, then
This implies that:
Group similar terms to get:
Simplify to get:
Answer: $18
Step-by-step explanation:
Let x= Pretax price of the meal.
Given: Sales tax = 8%
Tip percent = 20%
As per given ,
Amount spent = ( Pretax price) + (Sales tax ) of (Pretax price) + (Tip percent)of (Pretax price)
= x+ 8% of x + 20% of x
= x +0.08+0.20x
= 1.28x
∵ Amount spent = $23.04
So,
Hence, the pretax price of the meal= $18.