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

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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) About Me  (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.