Julie's Boutique has total receipts for the month of $30,660 including sales taxes. If the sales tax rate is 5%, what are Julie's sales for the month? Question 10 options: A) $32,193 B) $29,200 C) It cannot be determined. D) $29,127

The correct answer is B) $29,200

Explanation:

Px is total receipts for the month including sales taxes

Px' is total receipts for the month not including sales taxes

t=is tax rate

Taxes is Px' * tax rate

Px=Px' + taxes

Px=Px' + Px' * tax rate

Px=Px' * (1+tax rate)

We need to know Px'

So, Px'=Px / (1+tax rate)

Replacing,

Px'=30,660/1,05=$29,200