The television discount is $480 x 5/100 = $<<480*5/100=24>>24.
So, the television price is $480 - $24 = $<<480-24=456>>456.
The outstanding balance is $456 – $150 = $<<456-150=306>>306
The monthly payment is $306 / 3 = $<<306/3=102>>102
#### 102