Answer:
50000
Step-by-step explanation:
Using
[tex]P(percentage) \times CP(cost \: price) = Sales \: Tax[/tex]
Putting the given values
P × 25000 = 1750
[tex]P = \frac{1750}{25000} [/tex]
[tex]P = 0.07 \times 100[/tex]
[tex]P = 7\%[/tex]
Now
For purchase price of a new car.
[tex]P \times CP=Sales \: Tax[/tex]
[tex]7 \times CP = 3500[/tex]
[tex]CP = 50000[/tex]
Hope it helps you, any confusions you may ask!
