Question

Dr yang buys a violin for £13200 plus vat at 20% dr yang pays a deposit for the violin he then pays the rest of the cost in 12 equal payments of £360 each month find the ratio of the deposit dr yang pays to the total of the 12 equal payments give your answer in its simplest form

Answer 1

8/3

Explanation:

Given that:

Cost of violin = 13200 plus VAT at 20%

Cost of violin = (100 + 20)% * 13200

Cost of violin = 1.20 * 13200 = £15,840

Instalment pay = (360 * 12) = 4320

Therefore, deposit made equals ;

Total cost - Instalment pay

£(15,840 - 4320) = £11,520

Hence, ratio of deposit made to the total Instalment payment made ;

£11520 / £4320 = 8 / 3