Question

The cash price of a small television set is $24,500. Lease purchase is 30% more expensive than cash price. how much is the rental price?

Answer 1

To calculate the rental price that is 30% more expensive than the cash price of $24,500, find 30% of the cash price and add it to the original amount. The rental price comes to $31,850.

Step-by-step explanation:

The cash price of a small television set is $24,500. If lease purchase is 30% more expensive than the cash price, we can calculate the rental price by finding 30% of the cash price and then adding it to the initial price.

To find 30% of $24,500, you multiply 24500 by 0.30, which equals $7,350. Adding this to the cash price gives us the rental price:

$24,500 + $7,350 = $31,850.

Therefore, the rental price for the television set would be $31,850. To calculate the rental price of the small television set, we need to add 30% to the cash price. First, we find 30% of $24,500, which is $7,350. Then, we add this amount to the cash price to calculate the lease purchase price, which is $24,500 + $7,350 = $31,850. So, the rental price is $31,850.

Answer 2

To find the rental price, add 30% of the cash price to the cash price. Then, divide the lease purchase price by the duration of the lease.

Step-by-step explanation:

To find the rental price, we first need to calculate the cost of the lease purchase. The lease purchase is 30% more expensive than the cash price, so we can find the lease purchase price by adding 30% of the cash price to the cash price.

Increased amount = 30% of $24,500 = $7,350

Lease purchase price = Cash price + Increased amount = $24,500 + $7,350 = $31,850

Now, to find the rental price, we divide the lease purchase price by the duration of the lease.

Let's say the lease duration is 12 months. Rental price = Lease purchase price / Lease duration = $31,850 / 12 = $2,654.17

Therefore, the rental price is $2,654.17.