Question

Suppose that the local sales tax rate is 7% and you purchase a car for $26200 how much tax is paid what is the car total cost

Answer 1

Given, local sales tax rate = 7%

The selling price of car = $26,200

Now to find the sales tax for the car we have to find 7% of $26,200.

7% of 26,200 = 26200×(7/100) = (26200×7)/100 = 183400/100 = 1834

So the total sales tax paid = $1834

Now to get total cost of the car we have to add the sales tax we have got with the selling price of the car.

So, the total cost of the car = Selling price of the car + sales tax

= $26,200 + $1834

= $28,034

So we have got the required answers

Sales tax = $1834 and total cost of the car = $28,034