Question

Leslie bought a new car with a sticker price of $10,356. If she paid6% salles tax, traded in her old car for $2,250, and made a 20% downpayment, calculate the total amount of the purchase price that shefinanced.a. $8,284.80b. $6,873.89c. $7,973.89d. $6,981.89

Answer 1

`\begin{gathered} \text{Given} \\ \text{sticker price of \$10356} \\ \text{6\% sales tax} \\ \text{old car trade \$2250} \\ \text{20\% downpayment} \end{gathered}`

`\begin{gathered} \text{Add the 6\% sales tax} \\ \$10356*1.06=\$10977.36 \\ \\ \text{Deduct the old car trade} \\ \$10977.36-\$2250=\$8727.36 \\ \\ \text{Subtract the downpayment} \\ \$8727.36*0.2=\$1745.47 \\ \\ \$8727.36-\$1745.47=\$6981.89 \end{gathered}`

Therefore, the total amount of the purchase price that she financed is $6981.89.