Final Answer:
Mr. Rico paid Php 48,240 for the car repair.
Step-by-step explanation:
The total cost of the car repair consists of two components: the cost of paints and the cost of labor. The cost of paints is given as Php 48,000. Additionally, Mr. Rico was charged Php 120 per hour for labor, and since the car was repaired for 2 hours, the labor cost amounts to 2 hours * Php 120/hour = Php 240. To find the total cost, we add the cost of paints and the labor cost: Php 48,000 + Php 240 = Php 48,240.
In summary, the final answer of Php 48,240 represents the combined cost of the paints and the labor for 2 hours. This calculation follows the basic principle of summing up individual costs to determine the overall expense incurred by Mr. Rico for the car repair. It's important to break down the components of the total cost to understand how each factor contributes to the final amount. In this case, the fixed cost of paints and the variable cost of labor hours together determine the total payment made by Mr. Rico to the autoshop.