SOLUTION: In Honiara for instance , import vehicle attracts a40% tariff and a 30% sales tax if sells for over $ 39330. If a profit margin of 20% is applied to the accumulated cost, what is t

Question 1073775: In Honiara for instance , import vehicle attracts a40% tariff and a 30% sales tax if sells for over $ 39330. If a profit margin of 20% is applied to the accumulated cost, what is the cost of the vehicle in the country of origin if it sells for$55009 in Honiara.?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
Assuming all the charges are applied, let the original cost of the vehicle be n. Then:
After the tariff, the cost of the car is 1.4 times the original price. Similarly, we can apply the other charges, so:
55009=n*1.4*1.3*1.2
55009=2.184n
n=$25187.271 as the original cost of the vehicle. ☺☺☺☺
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