Solved

A Consumer Values a Car at $525,000 and a Producer

Question 2

Multiple Choice

A consumer values a car at $525,000 and a producer values the same car at $485,000.If sales tax is 8% and is levied on the seller,then the sellers bottom line price is


A) $527,000
B) $523,800
C) $525,000
D) $500,000

Correct Answer:

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