A consumer values a car at $525,000 and a seller values the same car at $485,000. If sales tax is 8% and is levied on the buyer, then the buyer's bottom-line price is (rounded to the nearest thousand)

This question is asking 8% tax is levied on buyer not on seller then it says what is the buyer's bottom line price. can you check your answer please?

The answer below is for saler value not for buyer.

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luwansinghAnswered40 minutes ago

$527,000

Explanation:

At a price of$527,000,which is above his bottom line, the seller will receive $485,000.

Therefore = $485,000/0.92

= $527,173.93.