Subtracting the deposit from the total cost of the furniture, we get:
$1,892 - $350 = $1,542
Now we can set up the equation:
$1,542 = 24x
Dividing both sides by 24, we get:
x = $64.25
Therefore, Mr. Rosenthal should pay $64.25 each month.
Mr. Rosenthal purchased dining room furniture on a no-interest, 24 months-to-pay sale. The total cost of the furniture was $1,892 including sales tax. He planned to make a deposit of $350 and used
1,892=350+24x
to determine the amount of each monthly payment, x
. How much should Mr. Rosenthal pay each month?
1 answer