Profit Tax Rate
September 5th, 1998
Profit Tax Rate
Question: Is Sales Tax added to the entire profit?
For example in this problem:
The student council ordered 350 flowers to sell at school. The carnations cost $0.75 each and the roses cost $1.25 each. There are four times as many carnations as there are roses. If the Sales Tax rate is 7.75%, how much money did the student council collect.Ok so in that do I add the Sales Tax to the total or subtract it away?
Answer: the Sales Tax is added to the total, since it was collected
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