Nancy Regan purchased a new diamond bracelet for $12,600. The state sales tax is 6% and the federal excise tax on the jewelry is 11%. What is the total purchase price of the bracelet? Round your answer to the nearest cent.

Respuesta :

Using proportions, it is found that the total purchase price of the bracelet is of $10,769.

What is a proportion?

A proportion is a fraction of a total amount.

In this problem, we consider the two taxes, of 6% and 11%, hence the price suffers an increase of 17%, that is, the price is multiplied by 117% = 1.17 to reach $12,600, hence:

1.17p = 12600

p = 12600/1.17

p = 10769.

The total purchase price of the bracelet is of $10,769.

More can be learned about proportions at https://brainly.com/question/24372153