Tyrone and Terri both bought sofas with installment loans. Tyrone bought a sofa with a
sticker price of $1350 by paying $74 a month for 24 months, while Terri bought a sofa with
a sticker price of $950 by paying $52 a month for 24 months. Both Tyrone and Terri hate
paying interest, so they're trying to find out who paid the higher markup rate. Help them
figure out the answer.

Tyrone paid the higher markup rate.

Step-by-step explanation:

Tyrone and Terri both bought sofas with installment loans.

Tyrone bought his own with a sticker price of $1350 by paying $74 a month for 24 months. Therefore,

74 × 24 = $1776

The mark up = $1776  -  $1350 = $426

Tyrone markup rate = 426/24 = $17.75  per month

Terri bought his own with sticker price of $950 by paying $52 a month for 24 months. Therefore,

52 × 24 = $1248

mark up = $1248  - $950  = $298

Terri markup rate = 298/24 = $12.4166666667  = $12.42 per month

the answer is 62