Question

According to Foolproof, by not negotiating the price of your first car purchase, you have a $1,000 "bad" money burn. How long would it take you to earn back the thousand dollars you just threw away if you take home $10.00 per hour? State in terms of how many hours it would take to earn back that money, and explain how you calculated this answer.​

Answer 1

Time required to save 1000$ is 100 hours

Explanation:

Money wasted = 1000$

savings = 10.00$ per hour

using unitary method

if i am saving 10.00 $ per hour then let in t hours i save 1000$

⇒ 10.00 x t = 1000

dividing above equation by 10 we get,

⇒ t = 100 hours

Therefore, Time required to save 1000$ is 100 hours