Question
Our television was priced at \( \$ 564.00 \). However, our trade-in was valued at \( \frac{1}{3} \) of the price of our new television. How much did we actually pay for the new set?
Ask by Wilson Rojas. in Australia
Dec 16,2024
Upstudy AI Solution
Tutor-Verified Answer
Answer
The amount paid for the new television after the trade-in is \( \$376.00 \).
Solution
To find out how much you actually paid for the new television after the trade-in, we first need to determine the value of the trade-in.
The price of the new television is \( \$564.00 \). The trade-in value is given as \( \frac{1}{3} \) of the price of the new television. We can calculate the trade-in value as follows:
\[
\text{Trade-in value} = \frac{1}{3} \times 564.00
\]
Calculating this:
\[
\text{Trade-in value} = \frac{564.00}{3} = 188.00
\]
Now, we subtract the trade-in value from the price of the new television to find out how much you actually paid:
\[
\text{Amount paid} = \text{Price of new television} - \text{Trade-in value}
\]
Substituting the values we have:
\[
\text{Amount paid} = 564.00 - 188.00 = 376.00
\]
Thus, the amount you actually paid for the new television is
\[
\boxed{376.00}
\]
Answered by UpStudy AI and reviewed by a Professional Tutor
Like
error msg


Extra Insights
Your trade-in was valued at \( \frac{1}{3} \) of \( \$ 564.00 \), which is \( \$ 188.00 \). To find out how much you actually paid for the new television, you subtract the trade-in value from the original price: \[ \$ 564.00 - \$ 188.00 = \$ 376.00. \] So, you ended up paying \( \$ 376.00 \) for the new TV! It's always a good idea to negotiate trade-in values when buying new electronics. Sometimes retailers are willing to offer even more than the stated value, especially if the item is in good condition. Always check various stores to get the best deal!