Question

Suppose the local sales tax rate is 4% and you purchase a car for 11,700. What is the amount of tax paid and what is the total cost of the car

Answer 1

Percentages

The cost of a car is $11,700. The sales tax is 4%.

Applying the tax %:

Tax amount = 4 * 11,700 / 100 = $468

The total cost of the car is:

$11,700 + $468 = $12,168

Tax paid: $468

Total cost: $12,168