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The Sales Tax on an Item with a Retail Price

question 94

Multiple Choice

The sales tax on an item with a retail price of $908 is $99.88.Create a mathematical model that gives the retail price, y, in terms of the sales tax, x, and use it to determine the retail price of an item that has a sales tax of $113.50.

Understand the rate of poverty in the United States and how it has changed over time.
Recognize the goals and conflicts in economic policymaking related to income distribution and output growth.
Identify demographic groups disproportionately affected by poverty.
Analyze the concepts of equality-efficiency trade-off in the context of welfare programs and economic incentives.

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