Friday, November 2, 2012

An Old Problem About Shopping and Taxes

On February 10, 2007 “Steve” went to Panera Bread in Eagan MN and bought a “U Pick 2” (soup, sandwich and an apple) for $6.59.

Sales tax in Eagan was 6.5% back then. In Minnesota, tax is rounded to the nearest cent.

Three questions:

What was the tax?

What was the total, including tax?

How much change would Steve get if he presented a $5 bill, a $2 bill, and a nickel (five cents)?

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Note: November 2012

The sales tax in Eagan has gone up to 7 1/8 %  (7.125%). The actual ancient receipt will be posted, somewhere in Seward.

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