Final answer:
To calculate the percentage of the price that the deposit represents, divide the deposit (£1500) by the total price (£7295) and multiply the result by 100%. The deposit is 20.6% of the price of the car.
Step-by-step explanation:
The question asks us to calculate the percentage of the car's price that Olivia's deposit represents. To find this, we use the formula for finding a percentage, which is (Part / Whole) × 100%. Here, the 'part' is the deposit amount of £1500, and the 'whole' is the total price of the car, which is £7295.
Following this formula, the calculation is: ((£1500 / £7295) × 100%).
Performing the division gives (£1500 / £7295) = 0.20551378, and multiplying this by 100% gives us 20.551378%, which rounds to 20.6%.
Therefore, the deposit Olivia pays is 20.6% of the total price of the car, making the correct answer B) 20.6%.