Math Problem Statement

A washing machine was sold on hire purchase terms. A deposit of 6000 was paid followed by 12 monthly instalments of 4000. If the hire purchase price was 25% more than the cash price, determine the cash price

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Percentage
Linear Equations

Formulas

Hire Purchase Price = Cash Price + 0.25 * Cash Price
Total Paid = Deposit + (Monthly Instalment * Number of Instalments)
Cash Price = Total Paid / 1.25

Theorems

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Suitable Grade Level

Grades 9-10