Questions: Nelson Agholor purchased fishing gear from a store in South Carolina where the tax rate is 6.9%. He purchased a spinning combo rod and reel for 56.39, 4 spinner baits at 4.97 each, 4 lures for 5.42 each, and a landing net for 21.47. What is the sales tax on the purchase?
Transcript text: 6:14PM Tuo Nov 12
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HW 15: Sales Tax
Started: Nov 12 at 5:04pm
Quiz Instructions
This assignment covers the material from Lesson 6.1 - Sales Tax, You have 3 attempts and 90 minutes on each attempt.
Question 7
16 pts
Nelson Agholor purchased fishing gear from a store in South Carolina where the tax rate is $6.9 \%$. He purchased a spinning combo rod and reel for $\$ 56.39,4$ spinner baits at $\$ 4.97$ each, 4 lures for $\$ 5.42$ each, and a landing net for $\$ 21.47$. What is the sales tax on the purchase?
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Solution
Solution Steps
To calculate the sales tax on Nelson Agholor's purchase, we first need to determine the total cost of all the items he bought. This involves summing the cost of the spinning combo rod and reel, the total cost of the spinner baits, the total cost of the lures, and the cost of the landing net. Once we have the total cost, we can calculate the sales tax by applying the tax rate of 6.9% to this total.
Step 1: Calculate Total Cost of Spinner Baits
The total cost of the spinner baits is calculated as follows:
\[
\text{Total Spinner Bait Cost} = \text{Spinner Bait Price} \times \text{Spinner Bait Quantity} = 4.97 \times 4 = 19.88
\]
Step 2: Calculate Total Cost of Lures
The total cost of the lures is calculated as follows:
\[
\text{Total Lure Cost} = \text{Lure Price} \times \text{Lure Quantity} = 5.42 \times 4 = 21.68
\]
Step 3: Calculate Total Purchase Cost
The total purchase cost is the sum of all item costs:
\[
\text{Total Purchase Cost} = \text{Spinning Combo Price} + \text{Total Spinner Bait Cost} + \text{Total Lure Cost} + \text{Landing Net Price}
\]
Substituting the values:
\[
\text{Total Purchase Cost} = 56.39 + 19.88 + 21.68 + 21.47 = 119.42
\]
Step 4: Calculate Sales Tax
The sales tax is calculated using the tax rate of \(6.9\%\):
\[
\text{Sales Tax} = \text{Total Purchase Cost} \times \text{Tax Rate} = 119.42 \times 0.069 = 8.24
\]
Final Answer
The sales tax on the purchase is \(\boxed{8.24}\).