Question

Calculate the total cost of an item bought at a negotiated price of $21,980 with 7.6 percent sales tax and a $82 registration fee.
A. $22,962
B. $23,656.71
C. 23,732.48
D. $22,473.18

Answer 1

21,980+(21,980×0.076)+82
=23,732.48

Answer 2

Answer:

Option C -$23732.48

Step-by-step explanation:

Given : A negotiated price of  item $21,980 with 7.6 percent sales tax and a $82 registration fee.          

To find : The total cost of an item bought ?

Solution :

The formula of the given problem is

$t=c+(c\times s)+r$

Where, t is the total cost of the item  

c is the original cost of item, c=$21980

s is the sales tax, s=7.6%

r is the registration fee, r=$82

Substitute the values in the formula,

$t=21980+(21980\times \frac{7.6}{100})+82$

$t=21980+(1670.48)+82$

$t=\ 23732.48$

Therefore, Option C is correct.