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John Walters is comparing the cost of credit to the cash price of an item. If John makes a down payment of $155 and pays
John Walters is comparing the cost of credit to the cash price of an item. If John makes a down payment of $155 and pays $35 a month for 24 months, how much more will that amount be than the cash price of $723? Cost of credit Calculate the unit price of each of the following items: (Enter your answers in cents rounded to 2 decimal places. For example, $0.01 is 1.00 cent.) a. Motor oil2 quarts for $1.40 cents/quart b. Cereal15 ounces for $4.20 cents/ounce c. Canned fruit13 ounces for 83 cents cents/ounce d. Facial tissue300 tissues for $2.05 cents/100 tissues A work-at-home opportunity is available in which you will receive 2 percent of the sales to customers you refer to the company. The cost of your franchise fee is $670. How much would your customers have to buy to cover the cost of this fee? (Round your answer to the nearest whole dollar.) Purchase requirement
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