Maggie is buying a new sports car. The starting price of the car is $18,400. The rate of tax is 7 1/2%. What is the total cost of the car? Show work

Answer 1

Shaw,

price = $18,400

tax = 7.5%

total = ?

18400 * 1.075 = 19780

Answer = $19,780

For some clarification on why I multiplied by 1.075 is as follows:

7.5% of the price is:

18400 * .075 = 1380

And now we need to add the tax to the starting price of the car.

18400 + 1380 = 19780

Answer = $19,780

I hope this helps.

Feel free to reach out to me for more clarification.

Thanks,

Richmond