Adam is considering getting his car a new paint job. Doing so will have a total cost of $264.83. Can Adam afford this?
| Transaction | Cost ($) |
| :------------- | :------- |
| Car payment | 260.16 |
| Groceries | 97.98 |
| Parking ticket | 75.00 |
| DVD box set | 115.35 |
| Antique lamp | 68.53 |
| Suit | 331.84 |
a. Yes, he can make the purchase and still have money left over.
b. Yes, but doing so will clear out his account.
c. No, purchasing that would overdraw his account.
d. No, he is overdrawn already.
Answer (1)
Calculate the total cost of Adam's transactions: 260.16 + 97.98 + 75.00 + 115.35 + 68.53 + 331.84 = 948.86 .
Compare the total cost with the paint job cost: 264.83"> 948.86 > 264.83 .
Since the total cost is greater than the paint job cost, Adam can afford it and have money left over.
The answer is: $\boxed{A}
Explanation
Calculate Total Transactions Cost First, we need to calculate the total cost of Adam's transactions. We add up all the costs listed in the table:
Total Cost Calculation The total cost of Adam's transactions is: 260.16 + 97.98 + 75.00 + 115.35 + 68.53 + 331.84 = 948.86 So, the total cost is $948.86 .
Compare Costs Next, we compare the total cost of Adam's transactions ( $948.86 ) with the cost of the new paint job ( $264.83 ). Since 264.83"> 948.86 > 264.83 , Adam can afford the paint job and will have money left over.
Conclusion Therefore, Adam can afford the new paint job and still have money left over. The correct answer is a.
Examples
Imagine you're managing your monthly budget. You list all your expenses like rent, groceries, and entertainment. Then, you want to know if you can afford a new gadget without overspending. By adding up all your expenses and comparing the total to your income, you can decide whether you can make the purchase and still have money left over. This is a practical application of basic addition and comparison, helping you make informed financial decisions.
