Mike purchases a bicycle costing $176.70. State taxes are 5% and local sales taxes are 3%. The store charges $30 for assembly. What is the total purchase price (in $)? (Round your answer to the nearest cent.)

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter2: Income Tax Concepts
Section: Chapter Questions
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Mike purchases a bicycle costing $176.70. State taxes are 5% and local sales taxes are 3%. The store charges $30 for assembly.
What is the total purchase price (in $)? (Round your answer to the nearest cent.)
Transcribed Image Text:Mike purchases a bicycle costing $176.70. State taxes are 5% and local sales taxes are 3%. The store charges $30 for assembly. What is the total purchase price (in $)? (Round your answer to the nearest cent.)
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