The total purchase price of the car including tax, license, and title $27,722.01.
The purchase price of a car is $25,625 the credit union requires a 10% down payment and an annual interest 9% loan for 36 months. The sales tax is given 7.5%, and the license and title charges are $175.13.
What is the total sale?
The total sale is the product of the selling price and one plus the sales tax rates.
Total sale = selling price × (1 + sales tax rate)
The price of the car including tax
= $25,625 × (1 +7.5%)
= $27,546.88
By adding license and title charges to the amount, we get
= $27,546.88 +175.13
= $27,722.01
Hence, The total purchase price of the car including tax, license, and title $27,722.01.
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