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 8%. If Ron imported a $14,000 imported car and ended up paying $1640 in taxes, what is the first tier's price level?  Choose the most appropriate option.
A) $1600	B) $6000	C) $6050	D) $7050	E) $13000
Let T be the tier price, P be total price = 14000   Per the given conditions:   0.12T + 0.08(P-T) = 1640 ----&gt; T= 13000. $13000 is the correct answer.
<result>E</result>
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 8%. If Ron imported a $14,000 imported car and ended up paying $1640 in taxes, what is the first tier's price level?