The total cost for the entire life span of the deep fryer is computed below:
Brand P total cost =Purchase price + total electricity cost
= $144+($0.49x8x12x6)
=$426.24
Brand Q total cost =(Purchase price x 3)+ total electricity cost
=( $37.5x3)+($0.75x 8x12x6)
= $544.5
Difference = Brand Q-Brand P
=$544.5-$426.24
=$118.26
Robert will have to choose Brand P because it will be cheaper by $118.26 than Brand Q in their entire lifetime.
B. You would need to multiply 7% and 24 and you should get 1.68 and that’s how much money you are paying in taxes then add the 1.68 to the $24 and you get $25.68
137,638
+52,091
-------
189,729 ⇨ 189,730