Question

The mark price of a freezer is 3000 there is a discount of 15%of cash payment.To obtain the freezer on hire purchase ,a deposit of $595 and 18 monthly instalments of $159.50 each required. calculate: (a) the cash price (b) The total amount paid of bought on hire purchase (c) the diffrence between the cash price and the hire purchase price as a percentage of the marked price.

Answer 1

Answer:

a. 2550

b. 3466

c. 916 difference

Step-by-step explanation:

a. 3000*85/100 = 2550

b. 159.5× 18= 2871 + 595 = 3466

c. if we purchase on cash we have to pay 916 less

=3466-2550= 916