Al purchases a speedboat costing $24,500. state taxes are 5.5% and federal excise tax is 13%. what is the total purchase price? (round your answer to the nearest cent if necessary)

The total purchase price is $ 29,032

Step-by-step explanation:

Hi, to solve this problem you have to solve the percentages of each taxes first.

So :

The next step is adding the taxes results to the speedboat cost.

so:

speedboat = $24,500

speedboat + taxes = $24,500 + $1,347.5 +$3,185 = $29,032

The total purchse price for the speedboat is $29,032.

to rewrite a literal equation you may need to divide by a number, or by a variable.

hope i .

-8

step-by-step explanation: