On July $15,2024,$ Thompson Electronics sells $8,000$ smartphones at an average price of $$700$ each. The product includes a one$-$year warranty on parts. Historical data suggests that $3\%$ of the smartphones sold will require warranty repairs, with an average repair cost of $$150$ per unit. How much should Thompson Electronics estimate for warranty costs to accrue for this sale?

Responses

$$36,000$

$$36,000$

$$12,500$

$$12,500$

$$100$

$$100$

$$3,125$