The total price of the car is $26901.20
Step-by-step explanation:
It is given that,
- The cost of the new car = $21,920.00
- The tax percent for the cost of the car = 17.25%
- He also purchases an extended warranty for the car = $1,200.00
To find the total price of the car :
Total Price = cost of the car + Tax cost + warranty cost.
The cost of the car and warranty cost are already given. So, we need to calculate the Tax amount paid for the car.
Tax amount = 17.25% of $21,920.00
⇒ 17.25/100 × 21,920.00
⇒ 0.1725 × 21,920
⇒ 3781.2 dollars.
Therefore, the cost of tax is $3781.2
Now, coming to the total price of the car,
Total Price ⇒ 21,920.00 + 3781.20 + 1200.00 = 26901.20 dollars.
The total price of the car is $26901.20
