The selling price of a pair of shoes is $23more than the price the store paid. If the selling price is $137, find the price the
1 answer:
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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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