Question

Mohamed wants to buy a television that costs $800, including taxes. To pay for the television, he will use a payment plan that requires him to make a down payment of $200, and then pay $65 each month for 10 months. What is the percent increase from the original cost of the television to the cost of the television using the payment plan?

Answer 1

6.25%

Explanation:

I'm simply returning the favor.

If the down payment is $200, then we can subtract:

$800 - $200 = $600

Then we can find the "rent" times ten, then subtract it from the $600 left to pay.

$65*10 = $650

Now here is the hard part. We know that 600 < 650. So we need to subtract 650 from 600.

$650 - $600 = $50

Now we need to find how much more Mohamed paid than the original price.

$850 is _____% more than $800.

$850 is 106.25% more than $800.

Subtract 100% to get the difference.

6.25% is your answer.

Hope this helps. Have a nice day.