Basic sales tax is applicable at a rate of 10% on all goods, except books, food, and medical products that are exempt. Import duty is an additional sales tax applicable on all imported goods at a rate of 5%, with no exemptions. When I purchase items I receive a receipt which lists the name of all the items and their price (including tax), finishing with the total cost of the items, and the total amounts of sales taxes paid. The rounding rules for sales tax are that for a tax rate of n%, a shelf price of p contains (np/100 rounded up to the nearest 0.05) amount of sales tax. Write an algorithm, not code, hat prints out the receipt details for these shopping baskets
INPUT:
Input 1:
1 book at 12.49
1 music CD at 14.99
1 chocolate bar at 0.85
Input 2:
1 imported box of chocolates at 10.00
1 imported bottle of perfume at 47.50
Input 3:
1 imported bottle of perfume at 27.99
1 bottle of perfume at 18.99
1 packet of headache pills at 9.75
1 box of imported chocolates at 11.25
OUTPUT
Output 1:
1 book : 12.49
1 music CD: 16.49
1 chocolate bar: 0.85
Sales Taxes: 1.50
Total: 29.83
Output 2:
1 imported box of chocolates: 10.50
1 imported bottle of perfume: 54.65
Sales Taxes: 7.65
Total: 65.15
Output 3:
1 imported bottle of perfume: 32.19
1 bottle of perfume: 20.89
1 packet of headache pills: 9.75
1 imported box of chocolates: 11.85
Sales Taxes: 6.70
Total: 74.68
Items:list of goods
saleTax:tax levied on the goods
saleTax <-- 0
totalBasePrice:sum of all items basic price
totalBasePrice <-- 0
noSalesTax:set containing type of items not applicable for sales tax
procedure PrintReceipt(items,saleTax,noSalesTax)
for each item x in items
if x not in noSalesTax set
saleTaxItem(rounded to 0.05) <-- (price of x)*0.1
end
if x is imported
saleTaxItem (rounded to 0.05) <-- (price of x)*0.05 added to saleTaxItem
end
totalBasePrice <-- add price of x to totalBasePrice
print item x: price added to saleTaxItem
saleTaxTotal <-- addition of each saleTaxItem to saleTaxTotal
end
print Sales Tax: saleTaxTotal
print Total:addition of totalBasePrice and saleTaxTotal
Basic sales tax is applicable at a rate of 10% on all goods, except books, food,...
5. Suppose that California imposes a sales tax of 10 percent on all goods and services. A Californian named Ralph then goes into a home improvement store in the state capital of Sacramento and buys a leaf blower that is priced at $200. With the 10 per cent sales tax, his total comes to $220. How much of the $220 paid by Ralph will be counted in the national income and prod. uct accounts as private income (employee compensation, rents....