A consumer values a car at $525,000 and a seller values the same car at $485,000. If
Question:
A consumer values a car at $525,000 and a seller values the same car at $485,000. If sales tax is 8% and is levied on the seller, then the seller’s bottom-line price is (rounded to the nearest thousand)
a. $527,000.
b. $524,000.
c. $525,000.
d. $500,000.
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A 527000 correct At a price of 527000 the seller ...View the full answer
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Related Book For
Managerial Economics
ISBN: 9781337106665
5th Edition
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward
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