Find the missing information

21.
Purchase price: $18,750
5% Sales tax: ?

Got $937.50

Finance charge: $3.580 (problem 21)
Total cost:?

Question

Find the missing information

21.
Purchase price: $18,750
5% Sales tax: ?

Got $937.50

Finance charge: $3.580 (problem 21)
Total cost:?

anonymous · Answer

5% sales tax ---- calculate 5% of 18,750

anonymous · Answer

937.50 is ok

anonymous · Answer

total cost = purchase price + sales tax + finance charge

anonymous · Answer

So you take the $18,750 + 5%?

anonymous · Answer

18,750+937.50+3.58= $19691.08

anonymous · Answer

I'm not sure if that is correct.. I have the answer and it says $23,267.50

anonymous · Answer

I'm still not sure the process. :) That's what I'm wondering. :)

anonymous · Answer

Well, to get the sales tax, you would do 18,750*0.05<--(Because that is 5%).
As for the finance charge, I have no idea what that is...
And to get the total cost, you would just add up all the prices, so you would do as I showed in the previous statement thing.

anonymous · Answer

ok thank you :)

anonymous · Answer

No problem. =P