Which of the following options is a better purchase for a bicycle? option 1: a cash sale for $88
option 2: $5 down with equal payments of $8 for 10 weeks
option 3: $12 down with equal payments of $5 for 12 months
option 4: $20 down with equal payments of $20 for 12 months

(a.) option 3
b. option 1
c. option 2
d. option 4

Option 3

Explanation:

To get the value of the cheapest bike, best option, we will calculate the total cost of each bike:

i- Option 1:

Total cost = $88

ii- Option 2:

$5 down payment and $8 per week for 10 weeks

Total cost = 5 + 8(10) = 5 + 80 = $85

iii- Option 3:

$12 down payment and $5 per month for 12 months

Total cost = 12 + 5(12) = 12 + 60 = $72

iv- Option 4:

$20 down payment and $20 per month for 12 months

Total cost = 20 + 20(12) = 20 + 240 = $260

Now, from the above calculations, we can conclude that:

The best price would be that of option 3 ($72). It is the lowest price compared to other option.

Hope this helps :)

1. 3

2. 4

3. 1

hope this ! have a great day.

-wfz

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