Question

A toaster oven costing $130 offers an extended warranty for 25% of the purchase price. If the local repair shop will fix a toaster oven for $8, how many times must the toaster oven break in order for the warranty to pay for itself?a. five
b. six
c. four
d. one

Answer 1

Answer:option c is the correct answer.

Step-by-step explanation:

A toaster oven costing $130 offers an extended warranty for 25% of the purchase price. This means that the money value of the warranty is

25/100 × 130 = 0.25 × 130 = $32.5

If the local repair shop will fix a toaster oven for $8, then the number of times that the toaster oven will break in order for the warranty to pay for itself is

32.5/8 = 4.0625

Therefore, it is 4 times