A consumer makes a $400 down payment on a television that costs $1,570. Which of the following is the number of months it will take to pay off the television with monthly payments of $100? (Assume that no interest is owed)
12
16
15
11
Correct Answer : A
Hire purchase cost=down payment + total monthly installment
Total monthly payment=hire purchase cost-down payment= $(1570-400)=$ 1170
Number of months=total monthly payment/monthly payment=$1170/$100=11.7 months
The consumer will clear the balance in 12 months.
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Related Questions
Correct Answer is C
Explanation
To solve this problem, we need to find the mean, mode, and median of the above data set.
From the data set, the mode of the data is 2 and 8. They are the most occurring elements in the data set.
The mean of data is the total divided by the number of elements
Total=1+ 1 + 2+ 2+ 2+ 2+ 3 +3+ 7+ 7+8+8+ 8+ 8+ 9+9=80
Number of elements=16
Mean=80/16=5
Median will fall in between the (N/2)th and (N/2+1)th position
(N/2)th =16/2 =8th position and (16/2+1)th =9th position
Since the data is arranged in ascending order as below
1, 1, 2, 2, 2, 2, 3, 3, 7, 7, 8, 8, 8, 8, 9, 9
Element in 8th position = 3
Element in 9th position =7
So the median average of the two elements=(3+7)/2=5
Now the data could be presented as follows in the distribution curve
This is because the data set has two modes, meaning the data is bimodal.
Correct Answer is B
Explanation
Organize the date set from the smallest to the largest as:
-3, -2, 0, 5, 10
Median means one that is at the middle, and from the above-given data set, 0 falls at the middle.
Correct Answer is A
Explanation
We determine least common denominator (LCD) using prime factorization of denominators as follows
2=1*2
3=1*3
5=1*5
Thus, LCD of 2, 3, 5 = 2*3*5=30
Correct Answer is C
Explanation
Given:
- Original price of the recliner: P
- Sale price (30% less than the original price): 0.7P
- Coupon saves an additional 25% off the sale price: 0.75 *0.7P = 0.525P
- The consumer pays $237 for the recliner.
We set up the equation:
0.525P = 237
Now, let's solve for P:
P = 237 / 0.525}
P = 451.428
Rounded to the nearest dollar, the original price of the recliner is approximately 451dollars.
Correct Answer is B
Explanation
100% represents total students four allied health program. Thus, 100%=800 students, and 19% joins respiratory care program is
Thus, 152 students joined the respiratory care program.
Correct Answer is A
Explanation
Yoghurt: toppings=4:3
Yoghurt: 4.5 oz =4:3
We convert the given ratio into a proportion equation as below
Multiply both sides by 4.5 oz
Correct Answer is B
Explanation
First convert 31% to a decimal before working on the problem
31%=31/100=0.31
Thus, 31% of 426=0.31*426=132.06
Correct Answer is A
Explanation
Given the equation (x/y)-z=rw, we make x the subject of the formula as follows:
(x/y)-z=rw
Add z to both sides of the equation
(x/y)-z+z=rw+z
(x/y)=rw+z
Multiply both sides by y
(x/y)*y=y(rw+z)
X=y(rw+z)
Rearranging the equation results in:
X = y(z+rw)
Correct Answer is A
Explanation
Hire purchase cost=down payment + total monthly installment
Total monthly payment=hire purchase cost-down payment= $(1570-400)=$ 1170
Number of months=total monthly payment/monthly payment=$1170/$100=11.7 months
The consumer will clear the balance in 12 months.
Correct Answer is A
Explanation
Let two numbers be x and y. Then
Three time a number=3x
Eight times a different number = 8y
Sum of the two is 3x+8y
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