Carl wants to buy a TV that cost $500 including taxes. To pay for the TV he will use a payment plan requires him to make a down payment of $125 and they pay 7250 each month for six months what is a percent increase from the original cost

Question

Adrian Weber

Mathematics

6 November, 17:07

Carl wants to buy a TV that cost $500 including taxes. To pay for the TV he will use a payment plan requires him to make a down payment of $125 and they pay 7250 each month for six months what is a percent increase from the original cost

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Answers (1)

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London Schwartz · Answer 1

Answer: 12% increase

Step-by-step explanation:

To pay for the Television, he will use a payment plan that requires him to make a down payment of $125, and then pay $72.50 each month for 6 months. This means that the total amount that he would pay in 6 months is

72.5 * 6 = 435

The total amount that he ends up paying for the TV is

435 + 125 = 560

The increase in amount compared to the original price is

560 - 500 = $60

Therefore, the percentage increase

from the original cost of the tv to the cost of the tv using the payment plan is

60/500 * 100 = 12%