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The marked price of a sewing machine is sh 3 585. A tailor bought it on hire purchase terms by paying a deposit of sh...

The marked price of a sewing machine is sh 3 585. A tailor bought it on hire purchase terms by paying a deposit of sh 1 460 and 7 monthly instalments of sh 375 each. How much more than the marked price did he pay
A sh 4 085
B sh 500
C sh 2 125
D sh 700

Answers


Dana
The hire purchase price is given by
The deposit + total amount of instalments
Sh 1 460 + 7 (375) = sh 4 085
The difference is given by
Sh 4 085 - sh 3 585 = sh 500
The answer is B
Dana05 answered the question on October 14, 2019 at 15:06

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