A' buys an item for $600 of which 12% is excise and 8% is sales tax. How much would 'A' pay
exclusive of taxes and excise?
Answers
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Answer:
Explanation:
Cost exclusive of excise and tax = x
rnexcise = 0.12
rnTax= 0.08
rnX+0.20x = 600
rnX = 600/1.20
rn= 500$
The exclusive of taxes and excise is 100$
Answered by
0
Given:
A' buys an item for $600 of which 12% is excise and 8% is sales tax.
Find:
How much would 'A' pay
exclusive of taxes and excise
Solution:
Cost exclusive of excise and tax = x
rnexcise = 0.12
rnTax= 0.08
rnX+0.20x = 600
rnX = 600/1.20
rn= 500$
The exclusive of taxes and excise is 100$.
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