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The new car you wish to purchase has a sticker price of $25,599. The dealer is willing to give a 3% discount off this sticker price. The sales tax on the car is 7.0% of the purchase price. What is the final price of the car including all discounts and sales tax? Round your answer to the nearest cent.

Respuesta :

Answer:

The final price of the car is $26569.20.

Step-by-step explanation:

Given:

The new car you wish to purchase has a sticker price of $25,599.

The dealer is willing to give a 3% discount off this sticker price.

The sales tax on the car is 7.0% of the purchase price.

Now, to find the final price of the car including all discounts and taxes.

So, we get the price after discount first:

$25,599 - 3% of $25,599.

[tex]=25599-\frac{3}{100}\times 25599[/tex]

[tex]=25599-0.03\times 25599[/tex]

[tex]=25599-767.97[/tex]

[tex]=24831.03.[/tex]

The price after discount = $24,831.03.

Now, including sales tax 7% on $24831.03.

$24,831.03 + 7% of $24,831.03.

[tex]=24831.03+\frac{7}{100} \times 24831.03[/tex]

[tex]=24831.03+0.07 \times 24831.03[/tex]

[tex]=24831.03+1738.17[/tex]

[tex]=26569.20[/tex]

The price after including sales tax = $26569.20.

Therefore, the final price of the car is $26569.20.