Problema Solution
suppose youre buying a car that is marked $22,000 but by the time you finish payinf for taxes and fees the cost is $25,623. what percentage of the total cost is taxes and fees?
a. 7.1%
b. 9.63%
c. 12.34%
d. 14.14%
Answer provided by our tutors
To find the percentage, first find the difference of the total cost and the cost before taxes.
25,623 - 22000 = 3623
Then, divide that amount by the total cost.
3623/25623 = 0.14139
Change that to a percentage by multiplying it by 100
0.14139 * 100 = 14.139.
Thus, the answer is D.