The retail price of a kitchen set is $4,500 . If the set is brought on hire purchase , they buyer pays a down payment of $675 and 24 monthly instalments of $210 a.) The hire pice
b.) The difference between the hire purchase and the cash price ?
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answers below :)

Step-by-step explanation:

A) since 675 is the inital value of the hire price, then we would just add it to the 24 monthly installments. Therefore we just have to multiply 24 by 210, then add it to 675, to get the total price:

1- 675+24x210

multiply

2- 675+5040

add

hire price equals 5715

b) to find the difference we have to subtract the retail price from the hire price:

5715-4,500=1215

hence, the hire price is 1215 more dollars than the retail price.^^

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