I hate word problems!

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shayshay

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Jan 9, 2013
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Suppose you're buying a car, the listed price is $22,000, but by the time you pay all the taxes and fees, the price is $25,623. What percentage of the total cost is taxes and fees? (round to nearest hundredth)
 
Use:

100(total cost - base cost)/total cost

You see, total cost - base cost is the amount of taxes and fees, which we want to divide by the total cost to find the fraction of the total cost that is taxes and fees, then multiply by 100 to convert to a percentage.

Make sense?
 
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