Judy Ring purchased a watch with a retail price of $8,000. She still has to pay a sales tax of 6% and an excise tax of 10%. Since the jeweler is shipping the watch, there's an additional $20 shipping charge. The total purchase price of this watch for Judy i

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gingerpoet gingerpoet · Answer 1 · 2018-03-06T22:31:51+01:00

The total purchase price of the watch is: $9,300

$8,000 + (0.06 × $8,000) + (0.10 × 8,000) + $20

$8,000 + $480 + $800 + $20

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RenatoMattice RenatoMattice · Answer 2 · 2019-06-04T17:32:00+02:00

Answer: Total purchase price of this watch is $9300.

Step-by-step explanation:

Since we have given that

Retail price of watch = $8000

Rate of sales tax = 6%

Amount of sales tax becomes

[tex]\dfrac{6}{100}\times 8000\\\\=\$480[/tex]

Rate of excise tax = 10%

Amount of excise tax is given by

[tex]\dfrac{10}{100}\times 8000\\\\=\$800[/tex]

So, Amount of watch after sales tax becomes

[tex]\$8000+\$480+\$800\\\\=$9280[/tex]

Amount of additional shipping charge = $20

Amount of watch after additional shipping charge becomes

[tex]\$9280+20\\\\=\$9300[/tex]

Hence, Total purchase price of this watch is $9300.