---------------------
<span>2+2(2+2*0)2+0
</span><span><span>2+2×(2+0)×2+0
</span><span><span>2+2×2×2+0
</span><span><span>2+8+0</span><span>
10
</span></span></span></span><span>---------------------
</span>
The first thing you do is mutitpy 320,000 by .20 so that you can find the amount of down payment. The down payment would be 64,000. So you subtract 64,000 from 320,000. This leaves a loan amount of 256,000 dollars. The answer is 256,000 dollars .
Let x be the current price of the product
1.15 * x = $2..88
So when rearranging the equation, you get:
x = 2.88/1.15 = $2.50 (to the nearest cent)
