Ann can have her bicycle repaired for $50, or she can trade it in, as is, and receive $22 credit ...
Ann can have her bicycle repaired for $50, or she can trade it in, as is, and receive $22 credit toward the purchase of a new bicycle that sells for $107. If Ann trades in her current bicycle, the cost to her of purchasing the new bicycle is what percent greater than the cost of having her current bicycle repaired?
Answer/Solution
70%
Steps/Work
The cost for repair is $50;
The cost of new bicycle is $107-$22=$85;
So, the cost to Ann of purchasing the new bicycle is 85−50/50∗100=70 greater than the cost of having her current bicycle repaired.
Answer: C.
The cost of new bicycle is $107-$22=$85;
So, the cost to Ann of purchasing the new bicycle is 85−50/50∗100=70 greater than the cost of having her current bicycle repaired.
Answer: C.