Usual combined return on sale and financing


You work for a furniture store. You normally sell a living room set for $2,500 and finance the full purchase price for 30 monthly payments at 24% APR. You are planning to run a zero-interest financing sale during which you will finance the set over 30 months at 0% interest. How much do you need to raise the price of the set during the sale in order to earn your usual combined return on the sale and the financing?

A) $0

B) $849

C) $892

D) $937

E) $1,284

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Usual combined return on sale and financing
Reference No:- TGS050299

Expected delivery within 24 Hours