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1 May, 13:19

A toaster oven costing $130 offers an extended warranty for 25% of the purchase price if the local repair shop will fix a toaster oven for $8. How many times must the tiaster oven break in order for the warranty to oay foe itself

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  1. 1 May, 15:05
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    Price covered by warranty:

    130 x 0.25 = $32.5

    Price per repair = $8

    Number of repairs available:

    32.5 / 8

    = 4.0625

    Thus, the toaster must break 4 times for the warranty to pay for itself.
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