Mathematics, 13.02.2021 18:00 ayoismeisalex
1. The marked price of a television set is $6,980. If the consumer pays by cash,
then the price is 12% below the marked price. If the set is bought on hire
purchase, then the buyer pays a down payment of $628.20 and 24 monthly
installments of $344.06 each. Determine for the television, the:
a) cash price
b) hire purchase price
c) difference between the hire purchase price and the marked price
d) percentage interest charged on the outstanding balance
Answers: 2
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1. The marked price of a television set is $6,980. If the consumer pays by cash,
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