Concept explainers
A college student buys a car and pays a 6% sales tax on the $21,599 sale price. How much sales tax did the student pay?
To calculate: The sales tax paid by the student for a car.
Answer to Problem 1E
Solution:
The sales tax paid by the student for a car is,
Explanation of Solution
Given Information:
The sales price of a car,
Sales tax in percentage paid by student,
Formula used:
Calculation:
From the question,
Sales price is
The percentage of sales tax is
Now, on using formula,
Sales tax =
Hence, sales tax paid by the student is
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Chapter A Solutions
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