Acompany purchased a commercial dishwasher by paying cash of $8,000. the company incurred $600 transportation costs, $500 installation fees, and $300 annual insurance on the equipment. for what amount will the company record the dishwasher? a. $9,100.b. $8,000.c. $9,400.d. $10,000.

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explanation:

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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