Question

Suppose that the local sales tax rate is 4 %4% and you purchase a car for $ 13 comma 600$13,600. a. How much tax is​ paid? b. What is the​ car's total​ cost?

Answer 1

Here the A) the amount of tax paid would be $544 and B) and the car's total cost would be $14,144.

Step-by-step explanation:

GIVEN INFORMATION -

Local tax rates - 4%

Purchase cost of car is - $13,600

A) Formula for taking out the amount of tax paid is -

Purchase cost of car X Local tax rate

= $13,600 X 4%

= $ 544

B) For taking out the total cost for the car -

Purchase cost of car + amount of tax paid

= $13,600 + $544

= $14,144