To determine the total money that the purchaser will pay if he buys the bed on the hire purchase option, follow these steps:
1. Calculate the 10% deposit:
The first step is to calculate 10% of the cost of the bed.
[tex]\[
\text{Deposit} = 10\% \text{ of } R5,999.00
\][/tex]
[tex]\[
\text{Deposit} = 0.10 \times 5999.00 = R599.90
\][/tex]
2. Calculate the total amount paid in monthly installments:
The purchaser makes 24 monthly payments of R260 each.
[tex]\[
\text{Total Monthly Payments} = R260 \times 24 = R6,240.00
\][/tex]
3. Calculate the total cost of hire purchase:
Add the initial deposit and the total amount paid in monthly installments.
[tex]\[
\text{Total Cost} = \text{Deposit} + \text{Total Monthly Payments}
\][/tex]
[tex]\[
\text{Total Cost} = R599.90 + R6,240.00 = R6,839.90
\][/tex]
Therefore, if the purchaser buys the bed on the hire purchase option, the total money paid will be R6,839.90.
So, the correct answer is:
[tex]\[
\boxed{B \ R6,839.90}
\][/tex]
