Convert all into a fraction and you will get 115/100+1/50+47/40
So your answer is 469/200 or 2.345 as a decimal
To find the amount that Franklin financed, you will calculate the amount he put down and subtract that from the original price because that is what he still owes.
0.2 x $4500 = $900
$4500 - $900 = $3600.
Porter financed $3600.
You also multiply 0.8 x $4500 because this represents the part out of 100% he still owes. You will get the same answer this way.
Answer:
£ 537.63
Step-by-step explanation:
original price = 100%
selling price = 100% - 7% = 93% = £500
just do the proportion or ratio
OP = 500 x 100% / 93%
OP = £ 537.634
rounded to the nearest penny and become £ 537.63
