Question

The marked price of a table and six chairs is sh 10500. Kang’ori bought the set on hire purchase at sh 10815. (a) Express the extra amount of money he paid as a percentage of the market price. (b) If he paid monthly instalments of sh 1150 for 6 months, what deposit did he pay?​

Answer 1

9514 1404 393

Answer:

(a) 3%

(b) sh 3915

Explanation:

a) The extra amount is ...

10815 -10500 = 315

As a percentage of the marked price, this is ...

315/10500 × 100% = 3%

__

b) The total paid is the sum of the down payment and the monthly installments:

10815 = down + 1150×6

10815 -6900 = down . . . . . . . . . . subtract 1150×6 from both sides

down = 3915 . . . . . . . . . evaluate

The deposit paid was sh 3915.