Question: How much would a consumer pay for aT-shirt with a list price of $16 if the purchase was made in a province with a PST
How much would a consumer pay for aT-shirt with a list price of $16 if the purchase was made in a province with a PST rate of 8%? Assume that the PST is applied as a percent of the retail price. Also assume that a GST of 5% applies to this purchase.
The consumer would pay $
Round to the nearest cent asneeded.)
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