Jack bought a new diamond ring for $20,000. Sales tax is 5% with a 10% excise tax. The total price including taxes that Jack paid is: $21,000 None of the answer choices are correct. $22,000 $20,000 $19,000
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Sales tax = 5% of $20,000 Sales tax = 0.05 × $20,000 = $1,000 Show more…
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