Answer:
The correct answer is -
1. $115
2. 15 (each of $25) that equal to $375
3. $490
4. $30
Step-by-step explanation:
As given in the picture related to the given question, there are two ways one can get a color television, one by the cash price of $460 or by the renting plan of 25% of the price as a deposit and the rest in a15 equal payments of $25.
Then the amount of deposit would be :
$460*25/100
= $115
It is given in the image attached that there must be 15 payments (each of $25) after the deposit.
The total amount one has to pay using hire purchase plan is :
= deposit + total money by monthly payments
= 115 + 375
= $ 490
By using cash price one can save -
= total cost using the rental plan - cash price
= 490 - 460
= $ 30
