Calculating Costs and Percentages with Extended Warranties Quiz

Test your knowledge on warranty finance. Questions on total cost, warranty percentage, and more. Get ready to ace the quiz!

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2. If a product costs $500 and the extended warranty is 10%, what is the total cost?

$550

$500

$600

$450

1 answered

6. If the original cost of a gadget is $250 and the extended warranty is 5%, what is the total cost?

$262.50

$250.00

$265.00

$237.50

1 answered

11. What is the purpose of an extended warranty for a consumer?

To increase the resale value of the product

To extend the manufacturer's warranty

To reduce the overall cost of the product

To provide free repairs after the warranty period

1 answered

16. In the context of extended warranties, what does the term 'coverage' refer to?

The total cost of the product

The duration of the warranty

The types of repairs included

The brand of the product

21. If the extended warranty for a product is 25%, and the original cost is $400, what is the warranty cost?

$75

$80

$100

$125

1. What is the formula to calculate the total cost including an extended warranty?

Total Cost = Product Cost + Warranty Cost

Total Cost = Product Cost - Warranty Cost

Total Cost = Product Cost * (1 + Warranty Percentage)

Total Cost = Product Cost / (1 - Warranty Percentage)

3. A laptop is priced at $1200. If the extended warranty is 15%, what is the warranty cost?

$120

$150

$180

$200

7. A television priced at $1000 has a warranty cost of $80. What is the warranty percentage?

10%

12%

15%

8. If the total cost of a laptop with an extended warranty is $1500, and the warranty cost is $200, what is the original product cost?

$1200

$1300

$1400

$1100

#10

12. If a product has an extended warranty cost of $120 and the total cost is $800, what is the warranty percentage?

10%

12%

15%

20%

#11

13. A smartphone has an original cost of $600. If the extended warranty is 8%, what is the total cost?

$648

$620

$640

$612

#12

17. If the extended warranty for a laptop is 20%, and the warranty cost is $180, what is the original product cost?

$900

$720

$800

$750

#13

18. A refrigerator costs $1200, and the extended warranty is 12%. What is the total cost?

$1344

$1320

$1360

$1380

#14

22. What is the primary benefit of an extended warranty for consumers?

Lower initial product cost

Extended duration of manufacturer's warranty

Reduced risk of repair expenses

Free product replacement

#15

23. A tablet has a warranty cost of $40, which is 8% of the total cost. What is the original product cost?

$440

$400

$420

$460

#16

4. If the extended warranty for a phone is 8%, and the total cost is $800, what is the original product cost?

$736

$720

$760

$780

#17

5. What is the percentage increase in total cost if the extended warranty is 12% for a product?

10%

12%

15%

20%

#18

9. A camera has a warranty cost of $60, which is 10% of the total cost. What is the original product cost?

$600

$540

$660

$580

#19

10. If the extended warranty for a product is 18%, and the original cost is $450, what is the total cost?

$531

$532.50

$535

$540

#20

14. What is the formula to calculate the warranty cost for a product?

Warranty Cost = Product Cost / Warranty Percentage

Warranty Cost = Product Cost * Warranty Percentage

Warranty Cost = Product Cost - (Product Cost * Warranty Percentage)

Warranty Cost = Product Cost + (Product Cost * Warranty Percentage)

#21

15. A camera has a warranty cost of $90, which is 15% of the total cost. What is the original product cost?

$540

$600

$630

$650

#22

19. If the warranty cost for a product is $50, and the warranty percentage is 5%, what is the total cost?

$1000

$950

$1050

$990

#23

20. What factor should be considered when deciding whether to purchase an extended warranty?

Brand popularity

Product color

Personal preferences

Expected repair costs and duration of coverage

#24

24. If the extended warranty for a camera is 15%, and the total cost is $550, what is the original product cost?

$478.26

$500

$521.74

$530

#25

25. When calculating the total cost with an extended warranty, what is the relationship between the warranty percentage and the original cost?

Directly proportional

Inversely proportional

No relationship

Randomly proportional

Calculating Costs and Percentages with Extended Warranties Quiz

2. If a product costs $500 and the extended warranty is 10%, what is the total cost?

6. If the original cost of a gadget is $250 and the extended warranty is 5%, what is the total cost?

11. What is the purpose of an extended warranty for a consumer?

16. In the context of extended warranties, what does the term 'coverage' refer to?

21. If the extended warranty for a product is 25%, and the original cost is $400, what is the warranty cost?

1. What is the formula to calculate the total cost including an extended warranty?

3. A laptop is priced at $1200. If the extended warranty is 15%, what is the warranty cost?

7. A television priced at $1000 has a warranty cost of $80. What is the warranty percentage?

8. If the total cost of a laptop with an extended warranty is $1500, and the warranty cost is $200, what is the original product cost?

12. If a product has an extended warranty cost of $120 and the total cost is $800, what is the warranty percentage?

13. A smartphone has an original cost of $600. If the extended warranty is 8%, what is the total cost?

17. If the extended warranty for a laptop is 20%, and the warranty cost is $180, what is the original product cost?

18. A refrigerator costs $1200, and the extended warranty is 12%. What is the total cost?

22. What is the primary benefit of an extended warranty for consumers?

23. A tablet has a warranty cost of $40, which is 8% of the total cost. What is the original product cost?

4. If the extended warranty for a phone is 8%, and the total cost is $800, what is the original product cost?

5. What is the percentage increase in total cost if the extended warranty is 12% for a product?

9. A camera has a warranty cost of $60, which is 10% of the total cost. What is the original product cost?

10. If the extended warranty for a product is 18%, and the original cost is $450, what is the total cost?

14. What is the formula to calculate the warranty cost for a product?

15. A camera has a warranty cost of $90, which is 15% of the total cost. What is the original product cost?

19. If the warranty cost for a product is $50, and the warranty percentage is 5%, what is the total cost?

20. What factor should be considered when deciding whether to purchase an extended warranty?

24. If the extended warranty for a camera is 15%, and the total cost is $550, what is the original product cost?

25. When calculating the total cost with an extended warranty, what is the relationship between the warranty percentage and the original cost?

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