Question

Ruben purchases a violin that is on sale for a total price of$1,250, which includes tax and all other fees. He makes aninitial payment of $300 in cash and puts the remainder on hisnew credit card. He makes no other purchases on the card andpays off the credit card balance with 9 monthly payments of$150. What is the difference between the total amount Rubenpays for the violin, including the initial payment and the creditcard payments, and the sale price of the violin?

Answer 1

Given:

Actual price of a violin is $1,250

Credit card monthly payment as $150.

Initial payment is $300.

$\text{Total money paid by Ruben for violin=300+(150}\times9)$$\text{Total money paid by Ruben for violin=300+}1350$$\text{Total money paid by Ruben for violin= \ 1650}$

The difference between the total amount Ruben pays for the violin, including the initial payment and the credit card payments, and the sale price of the violin:

$\text{Diffference amount=1650-1250}$$\text{Diffference amount= \ 400}$

Difference amount is $400.