Hire Purchase (H.P.) is a popular way of buying expensive goods. Using H.P. you usually pay a deposit first and the remainder by monthly instalments. Goods normally cost more on hire purchase.
Tom wants to buy a TV through H.P. He has been asked to make a deposit of one fifth of the total price of £200.
How much will the deposit be?
Deposit = of £200
Tom needs to make a deposit of £40.
How much will a deposit of 15% of £300 be?
Deposit = 15% of 300.
= 15 x 1% of 300
= 15 x 3
The deposit will be £45.
How much will a deposit of of £300 be?
Deposit = of 300
= 300 ÷ 4
The deposit will be £75.
How much will a deposit of 20% of £500 be?
Deposit = 20% of 500
= 500 ÷ 5 (because 20% is the same as )
The deposit will be £100.
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