Answer: Total cost =$24338.95
Step-by-step explanation:
The new car costs $19,820.00.
He has to pay 17.25% in taxes based off the cost of the car. This means 17.25% of $19,820.00
=(17.25/100)×19,820.00
=0.1725 ×19820.00 = $3418.95
Cost of taxes = $3418.95
If he also purchases an extended warranty for $1,100.00
Cost of taxes plus extended warranty
= $3418.95 + $1,100.00 = $4518.95
what is a reasonable estimate for the total price of the car? This means the actual cost of the new car + Cost of taxes + cost of extended warranty.
Total cost = $19,820.00 +$3418.95 + $1,100.00= $24338.95
