Becky Bought a New Apple Computer for $1,205

question 29

Multiple Choice

Becky bought a new Apple computer for $1,205. The purchase price included a 6% sales tax. What is the actual selling price of the computer?

• A)$1,132.08
• B)$1,277.30
• C)$1,200.00
• D)$1,136.79
• E)None of these

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Definitions:

Exchange Rate

The price of one currency in terms of another for conversion purposes.

Currency

The system of money in general use in a particular country, represented by coins and paper notes.

Terms

Conditions and stipulations specified in a contract or agreement that outline the rights and responsibilities of involved parties.

Foreign Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another, influenced by market conditions, economic factors, and government policies.