A home improvement store offers to finance the purchase of any single item with zero interest for one year, with a down payment of $50. The remainder of the purchase price will be split into 12 equal monthly payments. Which of the following equations represents the relationship between an item's purchase price, s dollars, and the amount, a dollars, of each monthly payment under this offer?
Correct Answer: C
Rationale: The purchase price s requires a $50 down payment, leaving s - 50 to be paid in 12 equal monthly payments of a dollars each. Thus, 12a = s - 50, or s = 12a + 50. Checking options: A (s = a - 50/12) implies 12s = 12a - 50, incorrect; B (s = a/12 - 50) implies 12s = a - 600, incorrect; D (s = 12a - 50) implies 12a = s + 50, incorrect; E (s = 12(a + 50)) implies s = 12a + 600, incorrect. Option C is correct.