Buying a toaster requires an insurance plan that is 20% of the MSRP, plus a mandatory state tax rate of 50% after the insurance plan calculation. Jon chooses to buy a toaster that costs $30 at MSRP. What is the total he must pay?
Please answer and provide answer explanation.
54
The insurance plan costs $30 * 0.

2 = $6.

The pre - state tax total is $30 + $6 = $36.

State tax will be $36 * 0.

5 = $18.

Jon needs to pay $18 + $36 = $54 for his new toaster.

.

So, the final answer is 54