Question

Suppose that the local sales tax rate is 4% and you purchase a car for $15,700. a. How much tax is paid? b. What is the car's total cost? a. The amount of tax paid is $ b. The total cost is S

Answer 1

a) to find the tax, we can multiply the price of the car by 4% in its decimal form:

$15700(4\%)=15700(0.04)=628$

then, the amount of tax paid is $628

b)we can find the total price of the car by adding its sale tax:

$15700+628=16328$

therefore, the total cost is $16,328