Problem: country c imposes a two - tiered tax on imported cars : the first tier imposes a tax of 12 % of the car ' s price up to a certain price level . if the car ' s price is higher than the first tier ' s level , the tax on the portion of the price that exceeds this value is 9 % . if ron imported a $ 18,000 imported car and ended up paying $ 1950 in taxes , what is the first tier ' s price level ?
Rationale: let t be the tier price , p be total price = 18000 per the given conditions : 0.12 t + 0.09 ( p - t ) = 1950 0.12 t + 0.09 * 18000 - 0.09 t = 1950 0.03 t + 1620 = 1950 0.03 t = 1950 - 1620 = 330 t = 330 / 0.03 = 11000 answer b
annotated_formula: divide(subtract(1950, multiply(multiply(multiply(const_3, multiply(const_2, const_3)), const_1000), divide(9, const_100))), subtract(divide(12, const_100), divide(9, const_100)))