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MMLU-Pro / 345 / A piano, priced at …

Problem

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question

A piano, priced at $1250, plus 4(1/2)% tax, was purchased on the installment plan with a down payment of 10% of the cash value, with 18 months in which to pay the balance. If a service charge of 12% was added to the unpaid balance, what was the monthly installment? What was the total cost of the piano?

category

business

options

  1. $68.25 and $1365
  2. $70 and $1400
  3. $85 and $1700
  4. $71.10 and $1422
  5. $75 and $1500
  6. $78.90 and $1578
  7. $77.50 and $1550
  8. $73.40 and $1448
  9. $80 and $1600
  10. $65 and $1300

src

stemez-Business

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