Robert wants to buy an oven that costs 1000$ including taxes. , to pay for the oven, he will use a payment plan. He makes a down payment of $250, and then pays $150 per month for 6 months. What is the percent increase from the original cost of the oven to the cost of the oven using the payment plan?
1 answer:
Answer:
15% increase
Step-by-step explanation:
If Robert uses the payment plan then he will pay"
Down Payment - $250
6 months of 150 - 6*$150 = 900
In total he pays $1150.
To find the percent increase/decrease:
1. Subtract the original value from the new value.
2. Divide by the original value.
3. Multiply the decimal by 100 to convert to a percent.
1150 - 1000 = 150
150/1000 = 0.15
0.15*100 = 15%
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