Question

An online buying club requires an annual fee of $130 in order to qualify for a 16 percent discount on purchases. What amount would a person have to buy in order to save enough to cover the cost of the membership

Answer 1

Answer:

$812.50

Explanation:

Calculation for the amount a person have to buy in order to save enough to cover the cost of the membership

Using this formula

Amount to buy =Annual fee/Discount on purchases

Let plug in the formula

Amount to buy=$130/0.16

Amount to buy=$812.50

Therefore the amount a person have to buy in order to save enough to cover the cost of the membership is $812.50