The financing plan is
50 dollars upfront
rest of the remaining money in 12 equal installments
Let "p" be price of couch.
50 given upfront, so remaining "p - 50". This is evenly split into 12 months.
"q" is:

This is the relationshp between "q" and "p".
Let's analyze the choices.
First Choice:
THis is exactly what we got. So this is right relationship shown.
Second Choice:
Let's solve for p:

This is second choice. So, it's right.
Third Choice:
The 2nd last line while solving for p is this choice. Thus, third choice is right.
Fourth Choice:
This doesn't give the relationship between p and q properly. It is wrong.
Correct Answer:
12( q + 50 ) = p