Question

The marked price of a freezer is $3,000.00. There is a discount of 15% for 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 f bought on hire purchase
Hire purchase = Deposit + Amount Payable
H.P = D + M.I X # Months

(c) The difference between the cash price and the hire purchase price as a percentage of the marked price.

Answer 1

Answer:

don't no

sorry

Step-by-step explanation:

good night