Question

Marion places a coat on layaway the cost costs $125.00. Marion makes a 20% deposit. How much is the balance?

Answer 1

To find the remaining balance, take the original cost and multiply it by the deposit percentage ($125.00 x 20% or $125.00 x 0.2). That will give you the deposit towards the layaway. Subtract that number from the original cost and that will give you the remaining balance ($100.00).