Question

a toaster oven costing $130 offers an extended warranty for 25% of the purchase price if the local repair shop will fix a toaster oven for $8. How many times must the tiaster oven break in order for the warranty to oay foe itself

Answer 1

Answer: It must take atleast 3 times to repairs for the warranty to be worth the cost.

Step-by-step explanation:

Since we have given that

Cost of a toaster oven = $130

Percentage of purchase price offers an extended warranty = 25%

so, it becomes,

$\frac{25}{100}\times 130=\ 32.5$

Amount that the local repair shop fix a toaster oven = $8

So, number of times the toaster oven break in order for the warranty to oay foe itself is given by

$\frac{32.5}{8}=4.0625$

Hence, it must break atleast 5 times in order for the warranty.

Answer 2

Price covered by warranty:
130 x 0.25 = $32.5
Price per repair = $8
Number of repairs available:
32.5 / 8
= 4.0625
Thus, the toaster must break 4 times for the warranty to pay for itself.