Kudos furniture sells maple wood bedroom sets for a price of $3560 if the purchase is financed. The company also advertises "no payments and no interest for one year." Joan and her husband suggested to pay cash for the furniture and got an offer from the salesperson for $3382, which they took.
(i) How much was the discount for paying cash?
(ii) What was the rate of discount on the cash purchase?

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The Answer of Kudos furniture sells maple wood bedroom sets for a price of $3560 if the purchase is financed. The company also advertises "no payments and no interest for one year." Joan and her husband suggested to pay cash for the furniture and got an offer from the salesperson for $3382, which they took.
(i) How much was the discount for paying cash?
(ii) What was the rate of discount on the cash purchase?

Kudos Furniture Sells Maple Wood Bedroom Sets for a Price