Final answer:
Ray's total cost for his new car, including base cost, options, sales tax, and license and registration fees, is $28,908.50. The sales tax amount is calculated by converting the percentage to a decimal and multiplying it with the sum of the car's base cost and options.
Step-by-step explanation:
To calculate Ray Cupple's total cost for his new car with options, sales tax, and a combined license and registration fee, we start by adding the base cost of the car $26,500.00, and the options costing $725.00 together. To calculate the sales tax, we convert the given percentage (6%) to a decimal (0.06) and multiply it by the total cost of the base car and options. Then we add the license and registration fee. The final calculation will give us Ray's total cost.
First, we add the base cost and the options:
- Base Cost: $26,500.00
- Options: $725.00
The sum is $26,500.00 + $725.00 = $27,225.00.
Next, calculate the sales tax:
- Sales Tax Rate: 0.06
- Total Cost (Base Cost + Options): $27,225.00
Sales Tax: 0.06 × $27,225.00 = $1,633.50.
Finally, we add the license and registration fee of $50.00:
Ray's total cost is $27,225.00 + $1,633.50 + $50.00 = $28,908.50.