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Amelia bought a new car with a sticker price of $9,987. If she paid 4%sales tax, traded in her old car for $1,950, and made a 25% downpayment, calculate the total amount of the purchase price that shefinanced.a. $8,037b. $8,358.48c. $6,327.36d. $6,268.86

User Ymnk
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1 Answer

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Given the word problem, we can deduce the following information:

1. Amelia bought a new car with a sticker price of $9,987.

2. She paid 4% sales tax, traded in her old car for $1,950, and made a 25% down payment.

To determine the total amount of the purchase that she financed, we multiply the price of the car by the sales tax first:

Sale price = $9,987 (1.04) = $10,386.48

Next, we deduct the amount of the trade-in car:

$10,386.48-$1,950=$8,436.48

Then, we get the 25% down payment:

$8,436.48 (0.25)= $2,109.12

Now, to compute for the total amount of the purchase price:

Purchased Price Financed = $8,436.48-$2,109.12 = $6,327.36

Therefore, the answer is c. $6,327.36.

User Mohammad Fajar
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