Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing
Sid settled on a price of $9,215 for a midsize car. The dealer allowed a $3,100 tradein for Sid's old truck and charged a 5% sales tax. Sid paid 20% of the remainder down and financed the rest. How much did he have to finance?
 one year ago
 one year ago
Sid settled on a price of $9,215 for a midsize car. The dealer allowed a $3,100 tradein for Sid's old truck and charged a 5% sales tax. Sid paid 20% of the remainder down and financed the rest. How much did he have to finance?
 one year ago
 one year ago

This Question is Open

tkhunnyBest ResponseYou've already chosen the best response.0
Unclear. Is there tax on the original price or the price after the trade in?
 one year ago

patdisthemanBest ResponseYou've already chosen the best response.0
I do not believe it would be possible to tax the original price. The trade in is your property in which you are being paid. One you are given the value for your car the remainder would be taxed and then the 20% would be deposited and the remaining 80% would be financed.
 one year ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.