SOLUTION: The list price of a pencil was $2500 a) if the discount for cash payment is 20%, how much does the buyer have to pay? b) if the buyer pays a down payment is 10% of the list price

Question 1091510: The list price of a pencil was $2500
a) if the discount for cash payment is 20%, how much does the buyer have to pay?
b) if the buyer pays a down payment is 10% of the list price and then $105 per month for 24 months, how much does he pay for the article?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
20% off is decrease over original amount. That would 500/2500, so $500 would be taken off, and the buyer would pay $2000.
The down payment is $250, 10% of $2500. $105 a month for 24 months is $2520. That sum is $2770.
RELATED QUESTIONS
The list of a Tv set is $1600 a) If a customer pays cash, he is entitled to a 9 1/2%... (answered by josmiceli)

A shopkeeper makes a profit of 12% if he sells an article for $84. a) Find the cost of (answered by josmiceli)

A lawn bench price at $523.89 was just discounted 10%. Then an additional 4% discount is (answered by rfer)

3. As a professional photographer, Marion has seen the trend away from film cameras as... (answered by lplaud84)

You are the owner of an apartment building that is being offered for sale for $1,500,000. (answered by Theo)

Shea wholesalers received an order costing $18,500.00. The terms of payment were 3/15,... (answered by rfer)

which price is better for the buyer, a 40% discount or two successive discounts of... (answered by rfer)

which price is better for the buyer, a 40% discount or two successive discounts of... (answered by richwmiller)

A real estate company sells its premium house model at 2,500,00.00 Php. One can pay it in (answered by Theo)