Explanation:
The taxable amount of the car purchase is the basic car cost and the options which is:
$
10150.00
+
$
738.00
=
$
10888.00
We can find the tax by find what 6% of $10.888.00# is.
"Percent" or "%" means "out of 100" or "per 100", Therefore 6% can be written as
6
100
.
When dealing with percents the word "of" means "times" or "to multiply".
Finally, lets call the amount of the tax we are looking for "t".
Putting this altogether we can write this equation and solve for
t
while keeping the equation balanced:
t
=
6
100
×
$
10888.00
t
=
$
65328
100
t
=
$
653.28
Ray's total cost would then be the taxable amount of the car, the tax on this amount and the license and registration fees giving:
$
10888.00
+
$
653.28
+
$
50.00
=
$
11591.28
Ray paid a total of $11,591.28
