Answer: The delivered price of the car was $30,943.85, and the amount due was $26,643.85.
Explanation:
To calculate the delivered price of the car, we need to add up all the costs associated with the purchase:
Purchase price = $30,875
Sales tax at 7% = 0.07 x ($30,875 - $250) = $2,080.25
Extended warranty = $390
Registration fees = $128
Total cost = $30,875 + $2,080.25 + $390 + $128 = $33,473.25
To calculate the amount due, we need to subtract the rebate and the down payment from the delivered price:
Delivered price = $33,473.25
Rebate = $250
Down payment = $4,300
Amount due = $33,473.25 - $250 - $4,300 = $29,923.25
However, the above calculation assumes that the sales tax is calculated based on the MSRP of the car. If the sales tax is instead calculated based on the purchase price, the delivered price and amount due will be slightly different. Here are the revised calculations:
Purchase price = $30,875
Sales tax at 7% = 0.07 x $30,875 = $2,161.25
Extended warranty = $390
Registration fees = $128
Total cost = $30,875 + $2,161.25 + $390 + $128 = $33,554.25
Delivered price = $33,554.25
Rebate = $250
Down payment = $4,300
Amount due = $33,554.25 - $250 - $4,300 = $29,004.25
So, depending on how the sales tax is calculated, the delivered price and amount due may vary slightly.