Question

Todd bought a jet ski through a interwar free payment plan. The ski was $2000 and his payments were $250 each. What percent of the total cost are the payments?

Answer 1

12.5%

Explanation:

The price for the ski = $2000

The payments made each = $250

percentage of the total cost that the payment is = ?

The percentage will be calculated as

the ratio of the payments made to the price of ski times 100%

250/2000 x 100%

==> 0.125 x 100% = 12.5%