Question

Calculate the total cost of an item bought at a negotiated price of $15,640 and a $2,500 trade-in allowance. The sales tax is 7.2 with a $106 registration fee.

$13,160
$14,372.08
$1,232.08
$14,286.08

Answer 1

15,640 * 7.2% = 1,126.80 Sales tax

Total cost:
cost of an item: 15,640 - 2,500 = 13,140.00
sales tax 1,126.80
registration fee 106.00
14,372.80 2nd option.