Advertisement
Print

Maths I

Hire purchase

Page:

  1. 1
  2. 2
  3. 3
  1. Next

Finding a deposit

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.

A teenage boy holding a big telly.

Example

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 \pounds 200.

How much will the deposit be?

Deposit = 1 \over 5 of \pounds 200

= 200 \over 5

= 40

Tom needs to make a deposit of \pounds 40

 

Now find the deposit for each of the following.

Question

How much will a deposit of {15 \% } of {\pounds 300 } be?

toggle answer

Answer

Deposit = {15 \% } of {300 }

= 15 \times 1 \% of {300 }

= {15 \times 3 }

= {45 }

The deposit will be {\pounds 45 }

Question

How much will a deposit of {1 \over 4 } of {\pounds 300 } be?

toggle answer

Answer

Deposit = {1 \over 4 } of {300 }

= {300 \div 4 }

= {75 }

The deposit will be {\pounds 75 }

Question

How much will a deposit of {20 \% } of {\pounds 500 } be?

toggle answer

Answer

Deposit = {20 \% } of {500 }

= {500 \div 5  } (because {20 \% } is the same as {1 \over 5 })

= {100 }

The deposit will be {\pounds 100 }

Page:

  1. 1
  2. 2
  3. 3
  1. Next

Back to Numbers and Money index

Explore the BBC

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.