The total cost of an item bought at a negotiated price of $13,290 is C=$14145.95.
The total cost of an item bought at a negotiated price of $13,290
with 5.5 percent sales tax and
a $125 registration fee.
What is the meaning of the total cost?
The sum of all costs incurred by a firm in producing a certain level of output.
Therefore, we have to add all the cost.
C=13290+13290(.055)+125
C=$14145.95
Therefore the total cost of an item bought at a negotiated price of $13,290 is C=$14145.95.
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