SOLUTION: The list of a Tv set is $1600 a) If a customer pays cash, he is entitled to a 9 1/2% (fraction) discount. How much does he have to pay? b) If he pays 12 monthly installments.

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Question 1091087: The list of a Tv set is $1600
a) If a customer pays cash, he is entitled to a 9 1/2% (fraction) discount. How much does he have to pay?
b) If he pays 12 monthly installments. he is entitled to a 5 1/2% (fraction) discount. How much has he to pay per month?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
(a)
As a decimal, the discount is: +9.5%2F100+=+.095+
The customer has to pay:
+1600+-+.095%2A1600+
+1600+-+152+=+1448+
$1,448
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(b)
As a decimal, the discount is: +5.5%2F100+=+.055+
The amount of his discount is:
+.055%2A1600+=+88+
The total amount he has to pay is:
+1600+-+88+=+1512+
His monthly payment is:
+1512%2F12+=+126+
$126/month