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Calculate the total cost of an item bought at a negotiated price of $15,640 and a $2,500 trade-in allowance. The sales tax is 7.2 with a $106 registration fee.

$13,160

$14,372.08

$1,232.08

$14,286.08

Verified Answer :

meerkat18

15,640 * 7.2% = 1,126.80 Sales tax

Total cost:
cost of an item: 15,640 - 2,500 = 13,140.00
sales tax                                         1,126.80
registration fee                                   106.00
                                                     14,372.80   2nd option.

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