Posted by **AR** on Tuesday, January 12, 2010 at 9:49am.

Shay settled on a price of $8,950 for a new car. The dealer had to

add 5% sales tax to this price, but allowed a $1,000 trade-in for

Shay's old car. Although not a universal practice, please add the

sales tax to the price of the new car first and then deduct the trade-

in value. If the dealer required a 22% down payment, calculate the

amount of the purchase price that Shay financed.

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