Mathematics, 02.02.2022 01:30 LILG1224

The retail price of a television set is $175 000. 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 $65 000 and 24 monthly instalments of $10 500. a) Determine the difference between the hire purchase price and the cash price.

b) Calculate the difference as a percentage of the retail price.

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