carl wants to buy a television that costs $500, including taxes. To pay for the television, he will use a payment plan that requ
ires 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?
<span>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
</span><span>The percent increase from the original costs would be: ($560-$500) / $500 * 100%= 12%</span>
