Leslie bought a new car with a sticker price of $10,356. If she paid
6% sales tax, traded in her old car for $2,250, and made a 20% down
payment, calculate the total amount of the purchase price that she
financed.
a. $8,284.80
b. $6,873.89
c. $7,973.89
d. $6,981.89
First, we need to calculate the amount of sales tax Leslie paid:
$10,356 x 6% = $621.36
Next, we need to subtract the trade-in value and down payment from the total purchase price:
$10,356 - $2,250 - ($10,356 x 20%) = $6,495.20
Finally, we add the sales tax to the remaining purchase price to get the total financed amount:
$6,495.20 + $621.36 = $7,116.56
Therefore, the answer is c. $7,973.89 (rounded to the nearest cent).