if the sales price of a vehicle is between $15,000 and $20,000 the sales tax is 3% on the sales price
if the sales price of a vehicle is between $20,001 and $25,000 the sales tax is 4% on the sales price
Now a car seller intends to add the sales tax to his invoice so that after deduction of the sales tax the original sales price remains the same and therefore his profit margin remains unchanged. The car seller fixed a car's sales price at $19,500. What would be his invoice price (adding the sales tax) of the car so that after deduction of tax he retains the same profit?
a. 20,085.0
b. 20,280.0
c. 20,312.5
d. 20,103.1
e. 20,403.1
if the sales price of a vehicle is between $20,001 and $25,000 the sales tax is 4% on the sales price
Now a car seller intends to add the sales tax to his invoice so that after deduction of the sales tax the original sales price remains the same and therefore his profit margin remains unchanged. The car seller fixed a car's sales price at $19,500. What would be his invoice price (adding the sales tax) of the car so that after deduction of tax he retains the same profit?
a. 20,085.0
b. 20,280.0
c. 20,312.5
d. 20,103.1
e. 20,403.1
