SOLUTION: If the cost of a new car is $25,000 (plus 8% sales tax) and a down payment of 15% (including the tax) is required, how much money will a consumer need to drive out in a new car?

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Numbers -> SOLUTION: If the cost of a new car is $25,000 (plus 8% sales tax) and a down payment of 15% (including the tax) is required, how much money will a consumer need to drive out in a new car?       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   

Question 4254: If the cost of a new car is $25,000 (plus 8% sales tax) and a down payment of 15% (including the tax) is required, how much money will a consumer need to drive out in a new car?

Answer by rapaljer(4551) About Me  (Show Source):
You can put this solution on YOUR website!
The tax on the car is $25000 x .08 = $2000
Total price including tax = $25000 + 2000 = $27000
Downpayment = 15% of $27000 = .15($27000) = $4050
(This guy should have a 20% discount like in the last problem I solved here!!)