Question

Shania bought a $1,250 drum set on the installment plan. The installment agreement included a 10% down payment and 15 monthly payments of $82 each. What was the amount of the down payment?

1) $82
2) $125
3) $1250
4) $12500

Answer 1

The amount of the down payment for the drum set is $125.00.

Step-by-step explanation:

In order to find the amount of the down payment, we need to calculate 10% of the total price of the drum set.

10% of $1,250 = $1,250 x 0.10 = $125.00

Therefore, the amount of the down payment is $125.00, which is option 2.