The shops inventory will cost 25,000. The supplier requires a down payment of 15% of the total cost at the time of purchase. Wha

Question

Marrrta [24]

4 years ago

9

The shops inventory will cost 25,000. The supplier requires a down payment of 15% of the total cost at the time of purchase. Wha

t is the balance you will owe after making the down payment?

Mathematics

1 answer:

yaroslaw [1] · Answer 1 · 2022-01-29T07:55:24+03:00

Answer: you will owe $21250 after the down payment.

Step-by-step explanation:

The shops inventory will cost 25,000. The supplier requires a down payment of 15% of the total cost at the time of purchase. This means that the amount paid as down payment for the purchase would be

15/100 × 25000 = 0.15 × 25000 = $3750

Therefore, the balance that you will owe after making the down payment would be

25000 - 3750 = $21250