Question

Mazzeo's Appliance Store requires a down payment of on all install-

ment purchases. Norton's Depot requires a 30% down payment on

installment purchases. Which store's down payment rate is lower?

Answer 1

Explanation:

Answer 2

Norton's

Explanation:

Suppose that the down payment of Mazzeo's store = 1/3 on all installment purchases

Whereas Norton's depot required 30% down payment on installment purchases.

1/3 is fractional value of 33.33%.

therefore, Norton's Store's down payment rate is lower than that of Mazzeo's store.