MHB Solve Algebra Word Problem: Overpayment Amount of \$85.00

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SUMMARY

The discussion centers on calculating the overpayment amount related to a March bill of $400.00, where 25% is to be paid. The correct calculation indicates that after accounting for a recurring overpayment of $85.00, the total payment should be $15.00. However, an incorrect calculation led to a payment of $78.75, resulting in an overpayment of $63.75. The confusion arises from the misapplication of the overpayment deduction in the payment calculation.

PREREQUISITES
  • Understanding of basic algebraic operations
  • Familiarity with percentage calculations
  • Knowledge of how to handle recurring payments
  • Ability to identify errors in mathematical calculations
NEXT STEPS
  • Review basic algebra concepts for solving word problems
  • Study percentage calculations in financial contexts
  • Learn about handling recurring payments in budgeting
  • Practice identifying and correcting errors in mathematical computations
USEFUL FOR

This discussion is beneficial for students learning algebra, financial analysts calculating payment structures, and anyone involved in budgeting or accounting who needs to understand overpayment scenarios.

moore
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March bill was \$400.00 for 25% to be paid of that. There is a recurring overpayment amount of \$85.00 so \$85.00 was to be withdrawn from the 25% of \$400.00 for a total of \$15.00.

\$400.00 x .25 = \$100.00

\$100.00 - \$85.00 = \$15.00

However, rather than doing that; the following was done:

\$400.00 - \$85.00 = \$315.00
\$315.00 x .25 = \$78.75

How much has been overpaid now?
 
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moore said:
March bill was $400.00 for 25% to be paid of that. There is a recurring overpayment amount of $85.00 so $85.00 was to be withdrawn from the 25% of $400.00 for a total of $15.00.

$400.00 x .25 = $100.00

$100.00 - $85.00 = $15.00

However, rather than doing that; the following was done:

$400.00 - $85.00 = $315.00
$315.00 x .25 = $78.75

How much has been overpaid now?
Pretty straight forward, isn't it? According to your original computation, you should have paid 15.00. But if you paid according to the second (incorrect) calculation you would pay 78.75. You would have overpaid by 78.75- 15.00= 63.75.
 
HallsofIvy said:
Pretty straight forward, isn't it? According to your original computation, you should have paid 15.00. But if you paid according to the second (incorrect) calculation you would pay 78.75. You would have overpaid by 78.75- 15.00= 63.75.

\$63.75?; but \$85.00 were overpaid and now $78.75 were overpaid.

Wouldn't it be more?
 

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