Question

A refrigerator has a marked price of $5000. Mr. Jones bought it on hire purchase for $7500. What is the extra cost Mr. Jones paid as a percentage of the cash price? *

A) 66.6%
B) 33.3%
C) 50%
D) 75%​

Answer 1

The answer is C. 50% because 50% of 5,000 is 2,500 and 2,500+5,000= 7,500

Answer 2

50% because the 50% of 5000 is 2500 and 5000+2500=7500