Question

A lawnmower costs $284, and the six-year extended warranty on the lawnmower costs 17% as much as the lawnmower itself. What is the effective price per year of the extended warranty?
a.
$4.82
b.
$3.93
c.
$8.05
d.
$7.03


Please select the best answer from the choices provided

Answer 1

Answer:

The correct answer option is c.  $8.05.

Step-by-step explanation:

We are given that a lawnmower costs $284, and the six-year extended warranty on the lawnmower costs 17% as much as the lawnmower itself.

We are to find its effective price per year of the extended warranty.

So, the amount of six year warranty = $\frac { 17 } { 100 } \times 284$ = $48.28

Price of warranty per year = $\frac { 48.28 } { 6 }$ = $8.05