(D.) The retail price of a television set is $4500. If the buyer pays cash, the price is 10% below the retail price. If the set is bought on hire purchase, the buyer pays a down payment of $675 and 24 monthly
installments of $212.50.
(1) Determine the difference between the hire purchase price and the cash price.
(ii) Calculate this difference as a percentage of the retail price.

determine the difference between the hire purchase price and the cash price​