Question

a toaster oven costing $130 offers an extended warranty for 25% of the purchase price if the local repair shop will fix a toaster oven for $8. How many times must the tiaster oven break in order for the warranty to oay foe itself

Answer 1

Answer: It must take atleast 3 times to repairs for the warranty to be worth the cost.

Explanation:

Since we have given that

Cost of a toaster oven = $130

Percentage of purchase price offers an extended warranty = 25%

so, it becomes,

`(25)/(100)* 130=\$32.5`

Amount that the local repair shop fix a toaster oven = $8

So, number of times the toaster oven break in order for the warranty to oay foe itself is given by

`(32.5)/(8)=4.0625`

Hence, it must break atleast 5 times in order for the warranty.