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Lifetime cost of Megan's TV is sum of base price, tax, electricity cost and repair cost. The lifetime cost of Megan’s TV is $347.
<h3>What is lifetime cost of a product?</h3>Lifetime cost it the overall cost of the product, which is expend over it during its service including base price, service charge, fuel charge etc.
Given information-
The base price of the TV is $189.
The daily consumption of electricity by the YV is$0.06
The cost of repairs each time is $29.
As The base price of the TV is $189 and the sales tax on it was 6.88 percent Thus the total base price of the TV at the time of buy is,
Thus, the total base price of the TV at the time of buy is $202.0032.
As The daily consumption of electricity by the YV is$0.06. Thus the total cost of electricity used by TV in four years (including one leap year) is,
Thus the total cost of electricity used by TV in four years is $87.6.
As the cost of repairs each time is $29 and need to be repair it twice. The total cost of repair is,
Thus the total cost of repair the TV is $58.
As the lifetime cost of TV is the sum all the cost in 4 year service of TV. Thus,
Hence, the lifetime cost of Megan’s TV is $347. Option C is the correct option.
Learn more about the lifetime cost here;