Question

Bob wants to buy a television that costs $600, including taxes. To pay for the television, he will use a payment plan that requires her to make a down payment of $240, and then pay $68.50 each month for 6 months. What is the percent increase from the original cost of the television to the cost of the television using the payment plan?

Answer 1

108.5% increase

Step-by-step explanation:

Find how much payments will cost for 6 months

68.50 × 6 = 411

Add payments to down payment

411 + 240 = 651

Compare:

600 vs 651

Solve for percent increase:

651 ÷ 600 = 1.085

Convert decimal into percentage:

1.085 × 100% = 108.5%