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The cost of a washing machine is 75% less than the cost of a TV. If the cost of the washing machine increases by 77% and that of the TV decreases by 27%, then what is the change in the total cost of 8 washing machines and 2 TVs?
Increase by 31%
Increase by 25%
Decrease by 22%
Decrease by 29%
Increase by 25%
Assume the cost of 1 TV is 100 and 1 washing machine is 25. Calculate initial total cost for 8 washing machines and 2 TVs, find the new costs after respective percentage changes, and compute the net percentage change.
Cost of washing machine is 75% less than TV cost. Washing machine cost increases by 77%, TV cost decreases by 27%. Total cost of 8 washing machines and 2 TVs.
Total┬аCost=8W+2T
Assume the cost of 1 TV is 100 and 1 washing machine is 25. Calculate initial total cost for 8 washing machines and 2 TVs, find the new costs after respective percentage changes, and compute the net percentage change.
Confusing the ratio of quantities (8 washing machines and 2 TVs) with the price ratio, or forgetting to apply the percentage increase/decrease to the aggregate cost.
Assume Cost of TV and Washing Machine
Let the cost of 1 TV be 100. Since the cost of a washing machine is 75% less than the TV, the cost of 1 washing machine is 100тИТ75=25.
T=100,W=25
Calculate Initial Total Cost
We need the total cost of 8 washing machines and 2 TVs. Using our assumed values: Initial Cost = 8├Ч25+2├Ч100=200+200=400.
Initial┬аTotal=8(25)+2(100)=400
Calculate New Costs after Percentage Changes
The washing machine cost increases by 77%: New W=25├Ч1.77=44.25. The TV cost decreases by 27%: New T=100├Ч0.73=73.
WnewтАЛ=44.25,TnewтАЛ=73
Calculate New Total Cost
Compute the new total cost for 8 washing machines and 2 TVs: New Total = 8├Ч44.25+2├Ч73=354+146=500.
New┬аTotal=8(44.25)+2(73)=500
Determine Net Percentage Change
The change in total cost is 500тИТ400=100. The percentage change is 400100тАЛ├Ч100%=25%.
Percentage┬аChange=400500тИТ400тАЛ├Ч100%=+25%
B is correct because the initial total cost of 8 washing machines and 2 TVs is 400andthenewtotalcostafterchangesis500, resulting in a net increase of 25%.