#1
2. If a product costs $500 and the extended warranty is 10%, what is the total cost?
$550
ExplanationAdding 10% of the product cost ($50) to the original price gives the total cost.
#2
6. If the original cost of a gadget is $250 and the extended warranty is 5%, what is the total cost?
$262.50
ExplanationAdding 5% of the product cost ($250) to the original price gives the total cost.
#3
11. What is the purpose of an extended warranty for a consumer?
To reduce the overall cost of the product
ExplanationExtended warranties aim to minimize repair expenses, thus decreasing the overall product cost for consumers.
#4
16. In the context of extended warranties, what does the term 'coverage' refer to?
The types of repairs included
ExplanationCoverage pertains to the scope of repairs or services included in the extended warranty.
#5
21. If the extended warranty for a product is 25%, and the original cost is $400, what is the warranty cost?
$75
ExplanationMultiplying the original cost ($400) by the percentage (25%) gives the warranty cost.
#6
1. What is the formula to calculate the total cost including an extended warranty?
Total Cost = Product Cost * (1 + Warranty Percentage)
ExplanationMultiplying the product cost by 1 plus the warranty percentage gives the total cost.
#7
3. A laptop is priced at $1200. If the extended warranty is 15%, what is the warranty cost?
$150
ExplanationCalculating 15% of the product cost ($1200) gives the warranty cost.
#8
7. A television priced at $1000 has a warranty cost of $80. What is the warranty percentage?
8%
ExplanationThe warranty cost ($80) is 8% of the product cost ($1000).
#9
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
ExplanationSubtracting the warranty cost ($200) from the total cost gives the original product cost.
#10
12. If a product has an extended warranty cost of $120 and the total cost is $800, what is the warranty percentage?
12%
ExplanationDividing the warranty cost ($120) by the total cost ($800) and converting to percentage yields the warranty percentage.
#11
13. A smartphone has an original cost of $600. If the extended warranty is 8%, what is the total cost?
$648
ExplanationAdding 8% of the original cost ($600) to the original price gives the total cost.
#12
17. If the extended warranty for a laptop is 20%, and the warranty cost is $180, what is the original product cost?
$900
ExplanationDividing the warranty cost ($180) by the percentage (20%) yields the original product cost.
#13
18. A refrigerator costs $1200, and the extended warranty is 12%. What is the total cost?
$1344
ExplanationAdding 12% of the product cost ($1200) to the original price gives the total cost.
#14
22. What is the primary benefit of an extended warranty for consumers?
Reduced risk of repair expenses
ExplanationExtended warranties mitigate the risk of unexpected repair costs for consumers.
#15
23. A tablet has a warranty cost of $40, which is 8% of the total cost. What is the original product cost?
$400
ExplanationDividing the warranty cost ($40) by the percentage (8%) and converting to dollars yields the original product cost.
#16
4. If the extended warranty for a phone is 8%, and the total cost is $800, what is the original product cost?
$736
ExplanationSubtracting 8% of the total cost ($800) from the total gives the original product cost.
#17
5. What is the percentage increase in total cost if the extended warranty is 12% for a product?
15%
ExplanationThe total cost increases by 12% of the original product cost, resulting in a 15% increase.
#18
9. A camera has a warranty cost of $60, which is 10% of the total cost. What is the original product cost?
$540
ExplanationThe warranty cost ($60) is 10% of the total cost, allowing calculation of the original product cost.
#19
10. If the extended warranty for a product is 18%, and the original cost is $450, what is the total cost?
$531
ExplanationAdding 18% of the original cost ($450) to the original price gives the total cost.
#20
14. What is the formula to calculate the warranty cost for a product?
Warranty Cost = Product Cost * Warranty Percentage
ExplanationMultiplying the product cost by the warranty percentage gives the warranty cost.
#21
15. A camera has a warranty cost of $90, which is 15% of the total cost. What is the original product cost?
$600
ExplanationDividing the warranty cost ($90) by the percentage (15%) and converting to dollars yields the original product cost.
#22
19. If the warranty cost for a product is $50, and the warranty percentage is 5%, what is the total cost?
$1050
ExplanationDividing the warranty cost ($50) by the percentage (5%) and adding to the original cost gives the total cost.
#23
20. What factor should be considered when deciding whether to purchase an extended warranty?
Expected repair costs and duration of coverage
ExplanationConsumers should consider the anticipated repair expenses and the duration of coverage when evaluating whether to buy an extended warranty.
#24
24. If the extended warranty for a camera is 15%, and the total cost is $550, what is the original product cost?
$521.74
ExplanationSubtracting 15% of the total cost ($550) from the total gives the original product cost.
#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
ExplanationAs the original cost increases or decreases, the warranty cost changes proportionally.