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The purchase price of Beth's new car, including the sales tax, is $8,0

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The purchase price of Beth's new car, including the sales tax, is $8,0  [#permalink]

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New post 31 Oct 2018, 12:31
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Question Stats:

89% (01:37) correct 11% (01:45) wrong based on 38 sessions

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The purchase price of Beth's new car, including the sales tax, is $8,000. If she finances the car, making a down payment of $2,000 and paying off the rest in equal monthly installments, what will be the total cost of the car, including the sales tax and financing ?

(1) The installments are to be $200 per month.
(2) The installments will extend over a period of exactly 3 years

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Re: The purchase price of Beth's new car, including the sales tax, is $8,0  [#permalink]

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New post 31 Oct 2018, 13:09
Statement 1: just tells that $200 will be the installment per month... Not enough information to find out the total cost of the car including financing. Insufficient

Similarly, Statment 2: Gives information about the period till which installments need to be paid.. Insufficient

When we combine both statement, we get $9200 as the total cost of car where 1200 is financing

C is the answer

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Re: The purchase price of Beth's new car, including the sales tax, is $8,0   [#permalink] 31 Oct 2018, 13:09
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The purchase price of Beth's new car, including the sales tax, is $8,0

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