8 what would be added to the price of a \$22,500 car if the dmv fees for title and license were 1.5\%?

\$22,837.50
\$337.50
\$450
\$3,375

Question

8 what would be added to the price of a \$22,500 car if the dmv fees for title and license were 1.5\%?

\$22,837.50
\$337.50
\$450
\$3,375

Accepted Answer

{ "quality": "clear", "question_count": 1, "skills_matched": [ "step_cot", "multiple_choice_formatter", "explain_then_answer", "quick" ], "needs_drawing": false, "concepts_used": [ "Car Buying Process" ], "new_concepts": [ "DMV Fees Calculation" ], "current_concepts": [ "Car Buying Process", "DMV Fees Calculation" ] } ## Identify the given values $$ \begin{aligned} &\text{Car Price} = \$22,500 \ &\text{DMV Fee Rate} = 1.5\% = 0.015 \end{aligned} $$ ## Calculate the added DMV fees $$ \begin{aligned} \text{DMV Fees} &= \$22,500 \times 0.015 \ &= \$337.50 \end{aligned} $$

(A) $22,837.50

(B) $337.50

(C) $450

(D) $3,375

{ "subject": "Business", "question_type": "Multiple Choice", "knowledge_point": [ "Business", "Finance", "Car Buying Process" ] }

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QUESTION IMAGE

Question

Explanation:

Identify the given values

Calculate the added DMV fees

Answer: