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alukav5142 [94]
3 years ago
13

Website : https://www.brevardvaluemotors.com/vehicle-protection-plan.aspx

Business
1 answer:
lozanna [386]3 years ago
5 0

GWC Warranty Reviews is where you’ll learn what makes fans-for-life of the many satisfied customers who have posted a review there. Delivering top-notch customer care to the more than 8.5 million drivers who trust GWC Warranty Reviews is something we take seriously.


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A consumer values a car at $30,000 and a producer values the same car at $20,000. What amount of tax will result in unconsummate
Serhud [2]

The question is incomplete:

A consumer values a car at $30,000 and a producer values the same car at $20,000. If the transaction is completed at $24,000, what level of sales tax will result in unconsummated transaction?

a. 0%

b. 25%

c. 20%

d. 40%

Answer:

d. 40%

Explanation:

The unconsummated transaction would occur when the price that the customer has to pay is higher than the value that he gave to the car. According to that, the answer would be the tax that would increase the final price to more than $30,000:

0%: $24,000

25%: 24,000*1.25= $30,000

20%: 24,000*1.20= $28,800

40%: 24,000*1.40= $33,600

The answer is that the amount of tax will result in an unconsummated transaction is 40%.

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