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A Retail Store Does Not Segregate Sales and the Amount

question 86

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A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 5% and the register total amounted to $136500 what is the amount of the sales taxes owed to the taxing agency?


Definitions:

Reaction

A process in which substances interact to form one or more new substances with different chemical and physical properties.

Organic Product

A compound containing carbon atoms that is typically derived from living organisms or their by-products.

Reaction

A process in which one or more substances (the reactants) undergo chemical change to form new substances (the products) with different physical and chemical properties.

Platinum Catalyst

A catalyst containing platinum, utilized in various chemical reactions, including hydrogenation and oxidation, due to its excellent ability to facilitate bond formation and breakage.

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