if no sales tax
5. The marked price of a freezer is $3000.00.
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 if bought on hire
purchase
(c) the difference between the cash price and
the hire purchase price as a percentage of
the marked price.
