How to Calculate Revenue in the Books of a Lumber Company
What is the total amount of goods sold at a lumber company including sales tax?
A sale is made at a lumber company for goods costing a total of $13,359, which includes 9.5% sales tax.
Answer:
The total amount of goods sold at the lumber company, including sales tax, is $13,359.
When a sale is made at a lumber company, the total amount of goods sold includes the cost of the goods plus any applicable sales tax. In this case, the total amount of goods sold is $13,359, which includes 9.5% sales tax.