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Ms. Rogers bought an electric range on the installment plan

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Ms. Rogers bought an electric range on the installment plan [#permalink] New post 25 Aug 2018, 00:11
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Ms. Rogers bought an electric range on the installment plan. The cash price of the range was $400. The amount she paid was $120 down and 12 monthly payments of $28 each.

Quantity A
Quantity B
The amount she paid for the electric range in excess of the cash price
$56


A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.

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[Reveal] Spoiler: OA

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Re: Ms. Rogers bought an electric range on the installment plan [#permalink] New post 25 Aug 2018, 10:09
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Carcass wrote:
Ms. Rogers bought an electric range on the installment plan. The cash price of the range was $400. The amount she paid was $120 down and 12 monthly payments of $28 each.

Quantity A
Quantity B
The amount she paid for the electric range in excess of the cash price
$56


A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.

Kudos for R.A.E



$28 monthly payment for 12 months = $336

So the total amount Ms. Rogers paid = $120 + $336 = $456

So she paid $456 - $400 = $56 extra

Hence option C
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Re: Ms. Rogers bought an electric range on the installment plan   [#permalink] 25 Aug 2018, 10:09
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Ms. Rogers bought an electric range on the installment plan

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