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06 May 2006, 00:36
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A person purchased a batch of books, some of which are no tax textbooks and the others should be taxed. He purchased a total of $427 textbooks and $600 other books (tax excluded). If 3% of the total amount he paid is equal to the tax he paid, what is the tax rate?
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11 Jul 2006, 06:36
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Professor
just to clarify, shouldnt the whole thing be divided by 427 rather than 600 since the $600 is the tax free worth of books and $427 are the taxable books.
