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?
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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?
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!!)
