Question

You want to buy a used car for $8,648.00 plus 4.7% sales tax. You want to make a 5% down payment. How much is your down payment?
10. You want to buy a house in 9 years. The estimated cost is $175,800.00. You want to make a 20% down payment and closing costs are 7%. How much in total do you need save each month to reach your goal if you cover closing costs and the down payment?

the sales tax part is messing me up, any step by step help?

Answer 1

ok so the total cost is House + Tax
Total cost = 8648+8648*.047=8648(1+.047)=8648(1.047)=?

Answer 2

Do you follow?

Answer 3

not really... why did you add the the car price twice?

Answer 4

ok so its the car + Tax

Answer 5

I dont know why i really dont get your answer at all....8648+8648*.047=8648????

Answer 6

Tax is basically a percentage of how much the cat costs
SO the car costs 8646 and you pay 4.7% tax off of that
So tax is 4,7 % of the 8648
so tax =8648*.047=?
So you follow that?

Answer 7

okay that equals $406.47?

Answer 8

do you add that to the cost of the car and then start on the 5% part?

Answer 9

yes ok but that is our tax
SOOOOO
Total cost = Cost of Car + Tax
Total cost = 8648 + (8648*.047)

Answer 10

Do you get it?

Answer 11

DO you see how i got my equation>

Answer 12

NO i dont.... i dont see why you are adding the car cost twice? total cost= 8,648+406.47= 9,054.47?

Answer 13

K cuz they wanna know how much they paid in total
The paid for the car PLUSSSS they paid taxes

Answer 14

So obviously he paid for his car and he also paid for taxes
So his total cost are the cost of the car +taxes

Answer 15

yeah car+tax is 8,648+406.47= 9,054.47

Answer 16

Yea

Answer 17

9,054.47*.05% ?

Answer 18

yea

Answer 19

i got 4.53 as an answer to that?

Answer 20

$ 453 yea

Answer 21

4 dollars. really.

Answer 22

or is it $453.00??

Answer 23

453.00

Answer 24

k dont have time to help you with the next question

Answer 25

repost it

Answer 26

then why did it come out on my calculator as 4 dollars? okay and thank you