SOLUTION: A service television sells maintenance agreements for $8 a year. The average cost for repairing a television is $35 and 5 in every 100 people who purchase maitenence agreements hav

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Question 806095: A service television sells maintenance agreements for $8 a year. The average cost for repairing a television is $35 and 5 in every 100 people who purchase maitenence agreements have needed repair. Frin the service expected profit per maitenence agreement. Answer is $6.25. HOW?!
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
8*100=800
35*5=175
800-175=625
625/100=$6.25