A new phone costs $800. Margaret has insurance on her phone that covers 73% of the cost of a new phone if something happens. If her phone is stolen or broken, how much will she have to pay for a new phone?

Question

Quizplus · Accepted Answer

To solve this problem, we multiply the cost of a new phone by the percentage she would have to pay. We know that her insurance covers 73%, so she will have to pay the difference. 100% - 73% = 27% So, Margaret has to pay 27% of the total cost of the phone. Let's convert 27% into a decimal in order to solve. We convert a percentage into a decimal by dividing by 100. 27% = ²⁷/₁₀₀ = 0.27 Multiply the percentage Margaret is responsible for (0.27) times the total cost of the phone (800) to calculate the dollar amount Margaret will pay for the phone. 800 * 0.27 = $216 She will have to pay $216.

A New Phone Costs $800