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

Algebra ->  Customizable Word Problem Solvers  -> Coins -> 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      Log On

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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) About Me  (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.