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A cannabis retailer has stores in Colorado. The government of Colorado has enacted a law that if a package of 10 pre-rolls (Pictured left) has

A cannabis retailer has stores in Colorado. The government of Colorado has enacted a law that if a package of 10 pre-rolls (Pictured left) has a retail price of $30.00 USD or higher, the package of pre-rolls is taxable at the rate of Sales Tax %. (So, at a retail price of $29.99 USD or less there is no sales tax payable. At a retail price of $30.00 USD or more, sales tax is payable.) The state of Colorado has also mandated that the required margin for cannabis pre-rolls is Margin %.

Given that the cost price for a package of 10 pre-rolls is Cost USD you need to calculate the following:

-Retail price in USD

-Sales tax payable in USD

-Total Selling price in USD of the package of ten (10) pre-rolls plus applicable sales tax (If the retail price means that sales tax is applicable)

Cost USD $ 15.30
Margin % 49.00%
Sales Tax % 6.86%

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