Question

In: Math

Sales Tax: If the purchase price of a bottle of California wine is $24 and the...

Sales Tax: If the purchase price of a bottle of California wine is $24 and the sales tax is $1.50, what is the sales tax rate?

The sales tax rate is %.

A tire salesperson has a 14% commission rate. If he sells a set of radial tires for $800, what is his commission?

His commission is $.

If an appliance salesperson gets 7% commission on all the appliances she sells, what is the price of a refrigerator if her commission is $36.75?

The price of the refrigerator is $.

A realtor makes a commission of $2,000 on a $50,000 house he sells. What is his commission rate?

His commission rate is %.

The sales tax rate is 9.25% and the sales tax is $14.35, what is the purchase price? (Round to the nearest cent.)

The purchase price is $.

What is the total price? (Round to the nearest cent.)

The total price is $.

Solutions

Expert Solution

a) If the purchase price of a bottle of California wine is $24 and the sales tax is $1.50, Then the sales tax rate is given by

Sales tax rate = (1.50/24)*100

= 6.25

The Sales tax rate is 6.25%

b) A tire salesperson has a 14% commission rate. If he sells a set of radial tires for $800, Then his commission is given by.

Commission = 14% of 800

=(14/100)*800

= 112

His commission is $112

c) If an appliance salesperson gets 7% commission on all the appliances she sells, if her commission is $36.75 then the price of a refrigerator is given by

commission = 7% of Price

36.75 = (7/100)*Price

Price = (3675/7)

= 525

the price of a refrigerator is $525

d) A realtor makes a commission of $2,000 on a $50,000 house he sells. his commission rate is given by

Commission rate = (2000/50000)*100

= 4

his commission rate is 4%

e) The sales tax rate is 9.25% and the sales tax is $14.35, the purchase price is given by

Sale tax = 9.25% of purchase price

14.35 = (9.25/100)*purchase price

purchase price = 1435/9.25

= 155.14

purchase price = $155.14

milcah answered 1 year ago

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