Determine the amount of cash collected on a credit sale in the amount of $4,500 and subject to a 6% sales tax when $500 worth of merchandise has already been returned for credit.

Question

anonymous · Answer

A. $4,240.00 	
  B. $4,500.00 	
  C. $4,000.00 	
  D. $3,860.00

dogzcatz · Answer

4000+240=x x is your answer, but with a dollar sign

dogzcatz · Answer

4000x0.06 = 240

retireed · Answer

I think you get the RIGHT answer, but I think the question is poorly written.

If I am returning $500 dollars in merchandise, I must have paid taxes on the "merchandise" right?  I should be given a credit of $530.

So $4500 - $530 = $3970

     $3970 + $3970(0.06) = $4208.2  which isn't an option