Solve the Problem. -Midtown Antiques Collects 5% Sales Tax on All Sales. If

question 140

Multiple Choice

Solve the problem.
-Midtown Antiques collects 5% sales tax on all sales. If total sales including tax are $1248.70, find the portion that is the tax amount.

• A)$62.44
• B)$1189.24
• C)$59.46
• D)$49.46

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Definitions:

Price Discount

A reduction from the original or listed price of a good or service to encourage purchase.

Price Discrimination

The strategy of selling the same product or service at different prices to different groups of consumers, typically based on factors like age, location, or purchasing history.

Senior Citizen Discount

A reduced price or special deal offered to elderly customers as a courtesy or to encourage their patronage.

Grocery Coupons

Vouchers offered by retailers or manufacturers that provide a discount on the purchase of grocery items.