Duncan is considering a loan to purchase a car. He has saved $2,000 and is considering a used car that costs $12,000. The sales tax rate is 8%, and the fees are $500. How much will Duncan need to borrow?
A) $10,800
B) $10,960
C) $11,460
D) $12,960

Respuesta :

Answer:

its C)11,460

Step-by-step explanation:

you have to multiply 12,000 by the tax rate which is 960.So then you add them up and its 12,960 plus the 500 of the fees which is 13,460. Finally you subtract 13,460 by 2,000 and its C)11,460

Duncan needs to borrow 11,460 $

you have to multiply 12,000 by the tax rate which is 960. So then you add them up and it's 12,960 plus the 500 of the fees which are 13,460. Finally, you subtract 13,460 by 2,000.

How to Calculate Sales Tax.

Multiply the price of your item or service by the tax rate. If you have the tax rate as a percentage, divide that number by 100 to get the tax rate as a decimal. Then use this number in the multiplication process.

The rates of tax on the purchase of different commodities within a country are different. Also, the rates of tax on the same commodity in a different country are different. Some commodities may be exempted from sales tax by the government. Sales tax is one of the many forms of indirect taxes that a government imposes on its citizens.

If P is the printed price or marked price of a commodity, the rate of sales tax is r% and S is the selling price (i.e., the price a customer has to pay) then

S = P(1 + r100) and sales tax = S - P = Pr100

To learn more about sales tax, refer

https://brainly.com/question/372989

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