what is original price of an item if the after tax price is $450 . consider...
After a 20% discount and 6% tax, a guitar cost $530.00. What was the original price of the guitar? The answer is $625 but I want to see how to get to that answer. Please give me a simple explanation!
Write a C++ program that calculates the discount of the original price of an item and displays the new price, and the total amount of savings. This program should have a separate header (discount.h), implementation (discount.cpp) and application files (main.cpp). The program must also have user input: the user must be prompted to enter data (the original price, and the percent off as a percentage). There must also be a validation, for example: Output: “Enter the original price of the...
In the market shown, the original equilibrium price is 60 cents. A tax is then implemented on the buyer. After the implementation of the tax, the buyer pays a price of _____ cents per unit of the product. a. 64 b. 60 c. 90 d. 58 If 18 units are sold at a price of $20, what is the producer surplus on the last jar sold? a. $15 b. $135 c. $0 d. $270 Price $0.90 Supply $0.64 $0.60 $0.58...
Question 8 5 pts The price of an item is reduced by 20% of its original price. A week later it is reduced by 10% of the reduced price. The cashier informs you that there has been a total reduction of 30%. Is the cashier using percentages correctly? If not, what is the actual percent reduction from the original price? OOOO The cashier is not using percentages correctly. The actual percent reduction from the original price is 28%. The cashier...
What price will consumers pay if a $2 tax is imposed on each item sold? zes/138449/take/questions/2700589 Use the following information to answer the question: Qs - 4/5 P What price will consumers pay if a $2 tax is imposed on each item sold? $12 $12.50 $13.50 $10 $8.50 923 PM 1/30/2019 ^ョ
Which item is ADDED to the original basis to arrive at the adjusted basis? Discounts, rebates, or reimbursements of the purchase price. The cost of capital improvements. Insurance reimbursements for property damage. Any tax credits received through ownership of the asset.
(Sales price is $100, sales tax is $7.25 and the item sold has a cost of $75 what would be the journal entry for this transaction.
The sales tax in Massachusetts is 6.25%. If the tax on an item is $25.75, what is the cost of the item?
Suppose the original before-tax demand curve for boks is P = 100 -2Qd. Suppose further that supply is P = 5 + 3Qs. Now suppose a quantity tax of $5 per unit is imposed on consumers. A) What is the before-tax equilibrium price and quantity? B) What is the after-tax equilibrium quantity? What is the price received by producers? What is the price paid by consumers? C) How much tax revenue is raised? D) Calculate the excess burden created by...
True or False: In general, items reported after the line item for Income Tax Expense (provision) are reported "net-of-tax".