A chair that has a cash price of $550 may be bought on hire purchase. Hire purchase terms are as follows: deposit 10 % of the cash price and make 24 monthly payments of $35 each. What is the difference between the hire purchase price and the cash price expressed as a percentage of the cash price?

Answer rating: 100% (QA)

The deposit is 10 of the cash price which is 10100 x ... View the full answer