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Hillier Hillier
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Posts: 550
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6 years ago
Kudos furniture sells maple wood bedroom sets for a price of $3560 if the purchase is financed. The company also advertises "no payments and no interest for one year." Joan and her husband suggested to pay cash for the furniture and got an offer from the salesperson for $3382, which they took.
(i) How much was the discount for paying cash?
(ii) What was the rate of discount on the cash purchase?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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Replies
wrote...
6 years ago
(i) Amount of discount = 3560 - 3382 = $178
(ii) d =   = 5%
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