Question

Calculate the total cost of an item bought at a negotiated price of $21,980 with 7.6 percent sales tax and a $82 registration fee.

A. $22,962
B. $23,656.71
C. 23,732.48
D. $22,473.18

Answer 1

21,980+(21,980×0.076)+82
=23,732.48

Answer 2

Option C -$23732.48

Explanation:

Given : A negotiated price of item $21,980 with 7.6 percent sales tax and a $82 registration fee.

To find : The total cost of an item bought ?

Solution :

The formula of the given problem is

`t=c+(c* s)+r`

Where, t is the total cost of the item

c is the original cost of item, c=$21980

s is the sales tax, s=7.6%

r is the registration fee, r=$82

Substitute the values in the formula,

`t=21980+(21980* (7.6)/(100))+82`

`t=21980+(1670.48)+82`

`t=\$23732.48`

Therefore, Option C is correct.