Solve. -At the End of the Day, a Storekeeper Had $1498

question 47

Multiple Choice

Solve.
-At the end of the day, a storekeeper had $1498 in the cash register, counting both the sale of goods and the sales tax of 7%. Find the amount that is the tax.

• A)$98
• B)$88
• C)$103
• D)$93

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Definitions:

Rightful Ownership

Lawful possession or title of property or assets by an individual or entity.

Tying Arrangement

An illegal agreement in which the sale of one product is tied to the sale of another.

Cross-Licensing Agreement

An arrangement where two or more parties grant each other rights to intellectual property, often to use patents without suing for infringement.

Legal Tying

Refers to a potentially prohibited practice where a seller requires the purchase of an unwanted item or service in order to buy the desired item.