Answer:
Let's break down the information step by step:
Cash Price:
The cash price for the TV plasma unit is given as R499.00.
Total Cost Price for the TV Plasma Unit (Cash Option):
To calculate the total cost price, you need to consider the discount. The discount is 10% of the cash price. To find the total cost price, you can subtract the discount from the cash price.
Total Cost Price = Cash Price - Discount
Total Cost Price = R499.00 - (0.10 * R499.00)
Total Cost Price = R499.00 - R49.90
Total Cost Price = R449.10
Original Price Before VAT (Cash Option):
To determine the original price before VAT was added, you need to consider that the cash price includes VAT at 15%. You can calculate the original price (before VAT) by dividing the cash price by 1.15 (to remove the 15% VAT).
Original Price (before VAT) = Cash Price / 1.15
Original Price (before VAT) = R499.00 / 1.15
Original Price (before VAT) ≈ R434.78 (rounded to the nearest whole number)
Now, for the lay-bye option:
The lay-bye option requires a deposit of 15%, and there is no discount.
Deposit for Lay-bye Option:
To calculate the deposit for the lay-bye option, you need to find 15% of the original cash price.
Deposit = 0.15 * R499.00
Deposit = R74.85
So, for the lay-bye option, the deposit is R74.85.
Explanation:
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