1. The retail price of a television is $4500. If the buyer pays cash, the price is 10% below the retail price. If the set is bought on hire purchase, the buyer pays a downpayment of $657 and 24 monthly instalments of $212.50.
(a) Determine the difference between the hire purchase and cash price.
(b) Calculate this difference as a percentage of the retail price.
2. A computer can be bought on hire purchase by making a deposit of $1360 and 40% monthly instalments of $442 each. Calculate the hire purchase price I the computer.
(b) The actual marked price of the computer is $15600. This includes a sales raxz of 12.5%. Calculated the selling price of the computer if no sales tax is included.
3. A refrigerator can be bought on hire purchase by making a deposit of $500 and 18 monthly instalments of $56.50 each. Calculate the hire purchase cost of the refrigerator.
5 The marked price of a freezer is $3000.00. There is a discount of 15% for each cash payment. To obtain the freezer on hire purchase, a deposit of $595.00 and 18 monthly instalments of $159.50 each are required. Calculate: (a) The cash price
(b) The total amount paid if bought on hire purchase.
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212.50.
(a) Determine the difference between the hire purchase and cash price.
(b) Calculate this difference as a percentage of the retail price.
2. A computer can be bought on hire purchase by making a deposit of $1360 and 40% monthly instalments of $442 each. Calculate the hire purchase price I the computer.
(b) The actual marked price of the computer is $15600. This includes a sales raxz of 12.5%. Calculated the selling price of the computer if no sales tax is included.
3. A refrigerator can be bought on hire purchase by making a deposit of $500 and 18 monthly instalments of $56.50 each. Calculate the hire purchase cost of the refrigerator.
5 The marked price of a
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