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20 November, 11:58

Every item in the Just a Dollar store is priced $ 1.00. When Jack opens the store, there is $ 100.00 in the cash register. When he counts the money in the cash register at the end of the day, the total is $ 667.10. If the sales tax rate is 7 %, how many items were sold that day?

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Answers (2)
  1. 20 November, 12:04
    0
    530

    Explanation:

    Total sales $667.1

    Opening Balance ($100)

    Sales during the day including sales tax $567.1

    Taking out impact of sales tax=$567.1/1.07=$530/1=530 units were sold out during the day
  2. 20 November, 12:15
    0
    The price of the item = $ 1.00

    total revenue of the day = $ 667.10 - $ 100 (where $ 100 is the initial amount present from the beginning) = $ 567.1

    sales tax = 7 % = 0.07

    let number of items sold = n, total amount sold that day = $ 1 n

    total tax = 0.07 n

    $ 567.1 = n + 0.07 n

    n = $ 567.1 / (1.07) = 530 items
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