The marked price of a bicycle is $ 6245. Dan bought the bicycle on cash terms and was given a 10% discount. Dave bought the same type of bicycle on hire purchase terms whereby he paid a deposit of $ 3000 and 12 equal monthly installments of $ 500. How much more than Dan did Dave pay for his bicycle?

Dan:

Cost = 0.90 * 6245 = $5620.50

Dave:
Cost = 3000 + 12*500 = $9,000

9000 - 5620.50 =

To find out how much more Dave paid for the bicycle compared to Dan, we need to calculate the amount each of them paid.

Dan received a 10% discount on the marked price, so his final payment can be calculated as follows:
Discount = 10% of $6245 = (10/100) * $6245 = $624.5
Final payment = Marked price - Discount = $6245 - $624.5 = $5620.5

Therefore, Dan paid $5620.5 for the bicycle.

Now let's calculate how much Dave paid for the bicycle. Dave paid a deposit of $3000 and 12 equal monthly installments of $500 each.
Total amount paid by Dave = Deposit + (12 * Monthly installments)
Total amount paid by Dave = $3000 + (12 * $500)
Total amount paid by Dave = $3000 + $6000 = $9000

Therefore, Dave paid $9000 for the bicycle.

To find how much more Dave paid than Dan, we can subtract the amount Dan paid from the amount Dave paid:
Difference = Dave's payment - Dan's payment
Difference = $9000 - $5620.5 = $3379.5

Therefore, Dave paid $3379.5 more than Dan for the bicycle.