Question

Without taxes, the market price per bag of apples is $5. with a $2 tax per bag of apples, buyers now pay $5.75 per bag. what is the final price per bag of apples received by sellers? $3.75 $5.00 $7.75 $3.00

Answer 1

$3.75

Sales price - tax = revenue

5.75-2= 3.75