Asked by King
The marked price of a bicycle is $ 6245. Dan bought the bicycle on cash terms and was given a 10% discount. Dave bought the same type of bicycle on hire purchase terms whereby he paid a deposit of $ 3000 and 12 equal monthly installments of $ 500. How much more than Dan did Dave pay for his bicycle?
Answers
Answered by
Henry
Dan:
Cost = 0.90 * 6245 = $5620.50
Dave:
Cost = 3000 + 12*500 = $9,000
9000 - 5620.50 =
Cost = 0.90 * 6245 = $5620.50
Dave:
Cost = 3000 + 12*500 = $9,000
9000 - 5620.50 =
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