Question
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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