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J.W. is an artist and sells hisnpottery each year at a local Renaissance Festival. He keeps track of his sales and the 7.75% sales tax he collects by making notations in a ledger. Every evening he checks his records by counting the total money in his cash drawer. After a day of selling pottery, the cash totaled $1253.68. How much is from the sale of the merchandise and how much is sales tax? Round your answer to the nearest cent.

Respuesta :

The amount from tax is $97.16 while the amount from sales is $1156.52

Tax is a compulsory sum levied on the sales of goods and services

Taxes increases the price of a good

The price of J.W.'s pottery would be 7.75% higher as a result of the tax

Amount of tax collected = percentage of sales tax  x total of cash

0.0775 x  $1253.68 = $97.16

Amount from the sale = total cash - taxes

$1253.68 - $97.16 = $1156.52

For more information on how to determine sales tax, check : https://brainly.com/question/19715580?referrer=searchResults

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