Calculate (A) actual sales and (B) sales tax: (Round your final answer to the nearest cent.)...

Question

Question

Calculate (A) actual sales and (B) sales tax: (Round your final answer to the nearest cent.)

Total sales: $23,152.81 (includes a 5% tax.)

business finance

Answer 1

Answer #1

(A) Actual sales = $23,152.81 × 100/105 = $22,050.30

(B) Sales tax = $23,152.81 - $22,050.30 = $1,102.51

Answer 2

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