The shops inventory will cost 25,000. The supplier requires a down payment of 15% of the total cost at the time of purchase. What is the balance you will owe after making the down payment?

Question

Shirley Gross

Mathematics

26 January, 19:00

The shops inventory will cost 25,000. The supplier requires a down payment of 15% of the total cost at the time of purchase. What is the balance you will owe after making the down payment?

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Answers (1)

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Angela Cooke · Answer 1

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