## Carl wants to buy a TV that cost \$500 including taxes. To pay for the TV he will use a payment plan requires him to make a down payment of \$

Question

Carl wants to buy a TV that cost \$500 including taxes. To pay for the TV he will use a payment plan requires him to make a down payment of \$125 and they pay 7250 each month for six months what is a percent increase from the original cost

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2 weeks 2022-01-15T03:31:00+00:00 1 Answer 0 views 0

Step-by-step explanation:

To pay for the Television, he will use a payment plan that requires him to make a down payment of \$125, and then pay \$72.50 each month for 6 months. This means that the total amount that he would pay in 6 months is

72.5 × 6 = 435

The total amount that he ends up paying for the TV is

435 + 125 = 560

The increase in amount compared to the original price is

560 – 500 = \$60

Therefore, the percentage increase

from the original cost of the tv to the cost of the tv using the payment plan is

60/500 × 100 = 12%