SOLUTION: Paula buys a sofa. she pays a deposit of 10% of the cash price and then 36 monthly payment of �12.50. in total shes pays �495. how much was the cash price of the sofa? answer

Question 988334: Paula buys a sofa. she pays a deposit of 10% of the cash price and then 36 monthly payment of �12.50. in total shes pays �495. how much was the cash price of the sofa? answer
Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
Total paid=amount down+payments
�495=amount down+36(�12.50)
�495=amount down+�450
�45=amount down
Amount down is 10% of cash price, so �45 is 10% of:
�45/0.10=�450
.
ANSWER: The cash price was �45.

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