To calculate the percentage that the deposit is of the cash price, divide the deposit amount by the cash price and multiply by 100:
(15680 / 112000) * 100 = 14%
Therefore, the deposit is 14% of the cash price.
A cash price of a car is N$ 112000. To buy the car on hire purchase, a deposit of N$15680
is required followed by 30 monthly instalments of N$ 3300 each.
2.1 Calculate the percentage that the deposit is of the cash price.
1 answer
1 answer