Answer:
$56,800
Explanation:
The cost of the truck is calculated as;
= Cash price + Sales tax + Painting and lettering
Given that;
Cash price = $53,000
Sales tax = $3,400
Painting and lettering = $400
= $53,000 + $3,400 + $400
= $56,800
Therefore, cost of the truck is $56,800.
* Note
The expenditures for accident insurance and motor vehicle license will not be added to the cost of the truck.
