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ELEN [110]
3 years ago
5

Stephen has been saving money to buy a new car. The new car costs $21,920.00. He has to pay 17.25% in taxes based off the cost o

f the car. If he also purchases an extended warranty for $1,200.00, what is a reasonable estimate for the total price of the car?
sorry the numbers were mixed up!
Mathematics
1 answer:
jeyben [28]3 years ago
5 0

The total price of the car is $26901.20

<u>Step-by-step explanation:</u>

It is given that,  

  • The cost of the new car = $21,920.00
  • The tax percent for the cost of the car = 17.25%
  • He also purchases an extended warranty for the car = $1,200.00

<u>To find the total price of the car : </u>

Total Price = cost of the car + Tax cost + warranty cost.

The cost of the car and warranty cost are already given. So, we need to calculate the Tax amount paid for the car.

Tax amount = 17.25% of $21,920.00

⇒ 17.25/100 × 21,920.00

⇒ 0.1725 × 21,920

⇒ 3781.2 dollars.

Therefore, the cost of tax is $3781.2

Now, coming to the total price of the car,

Total Price ⇒ 21,920.00 + 3781.20 + 1200.00  = 26901.20  dollars.

The total price of the car is $26901.20

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