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PLEASE ANSWER FOR BRAINLIEST!!!!!

When you buy​ something, it actually costs more than you may think-at least in terms of how much money you must earn to buy it. For​ example, if you pay ​24% of your income in​ taxes, how much money would you have to earn to buy a used car for ​$6,840​?

$__ (Round to the nearest whole number as needed.)

Sagot :

Answer:

We need to earn $10,000 to buy that car.

Step-by-step explanation:

Let initial bank account balance = 0;

Suppose our income is $x.

Since 23% of income shpould be paid in taxes,

Money paid in taxes = 23/100x X

After paying taxes,

Money in our account = Income - Money paid in taxes;

Money in our account = x -  23/100x X

Money in our account =  77/100x X   (equation 1)

Given,

Price of the car to be bought = $7700   (equation 2)

To be able to buy that car,

Money in account = Price of the car

From equation 1 and equation 2,

77/100x X = 7700

x= 7700 x 100/77

Therefore,

x = $10000.

Therefore

We need to earn $10000 to buy the car.

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