Question

Buying a car with credit is 8% more expensive than the cash price of $ 7,000; for how much is the car sold if the purchase is paying with credit?​

Answer 1

Car is sold at $7560.

Step-by-step explanation:

Since we have given that

Cash price = $ 7000

Credit is 8% more expensive than the cash price.

So, Amount of extra payment for credit is given by

$\dfrac{8}{100}\times 7000\\\\=8\times 70\\\\=\ 560$

So, the car is sold if the purchase is paying with credit is given by

$\ 7000+\ 560\\\\=\ 7560$

Hence, car is sold at $7560.

# learn more:

What is journal entry Purchased stock of goods for 3 million paying 50% cash and 50% on credit.

Sold 2/3 of the goods at 2500000 credit.

https://brainly.in/question/6780514

Answer 2

Answer:

The car sold in the price of  $ 7560.

Step-by-step explanation:

The car price with credit is $7000 .

The car is 8% more expensive than the cash price of $ 7000 .

The car is sold more than 8% price .

So , more price which will require = ( 8 / 100 ) * 7000 = $ 560 .

The car sold in the price of  $ (7000+560) = $ 7560 .

#SPJ2