Question

carl wants to buy a television that costs $500, including taxes. To pay for the television, he will use a payment plan that requires him to make a down payment of $125, and then pay $72.50 each month for 6 months. What is the percent increase from the original costs of the television to cost of the television using the payment plan?

Answer 1

The payment plan requires him to make a down payment of $125, and then pay $72.50 each month for 6 months. The total payment would be: $125 + 6*$72.50= $125 + $435= $560

The percent increase from the original costs would be:
($560-$500) / $500 * 100%= 12%

Answer 2

Answer:

($560-$500) / $500 * 100%= 12%

Step-by-step explanation:

Hope it helps