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Suppose that the local sales tax rate is 4% and you purchase a car for $24,500.

a. How much tax is paid?
b. What is the car's total cost?

a. The amount of tax paid is $?

User RomanM
by
7.5k points

2 Answers

2 votes
a. To find the amount of tax paid, we need to multiply the purchase price of the car by the tax rate:

Tax paid = 4% of $24,500

Tax paid = 0.04 * $24,500

Tax paid = $980

Therefore, the amount of tax paid is $980.

b. To find the car's total cost, we need to add the purchase price to the amount of tax paid:

Total cost = Purchase price + Tax paid

Total cost = $24,500 + $980

Total cost = $25,480

Therefore, the car's total cost is $25,480.
User Mark Cheverton
by
7.1k points
5 votes

Answer: $980

$25480

Explanation:

User Kamyl
by
7.3k points