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27 January, 06:56

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

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  1. 27 January, 09:12
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    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
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