the cash price of a boiler is £2000
Customers can pat the cash price or pay monthly
cash price: £2000
pay monthly: 60 monthly payments of £40
Work out the percentage increase from the cash price when paying monthly
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formula - (increase amount ÷ original amount) × 100
400÷2000
=0.2
0.2×100
=20
so, the percentage increase value is 20%
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