Question

You’re ordering more thread for Blue Jeans Co. You usually purchase from Ted’s Threads, which sells 12 thread spools for $27. You recently received a notice from Wade's Wares that says you can buy thread from them for $2.30 each for the first 2 dozen and $2 a spool thereafter. You need to order 5 dozen spools. What percentage can you save by going with Wade’s Wares?

Answer 1

5.78%

Explanation:

Answer 2

5.78 %

Explanation:

Given: we’re ordering more thread for Blue Jeans Co, Ted’s Threads sells 12 thread spools for $27 we can buy thread from Wade's Wares for $2.30 each for the first 2 dozen and $2 a spool thereafter.

To Find: What percentage can we save by going with Wade’s Ware

Solution:

price of 12 thread spools from Ted's Threads=
`\$`
`27`

cost of buying 5 dozen thread spools from Ted's Threads=
`5*`
`\$`
`27`

`\$`
`135`

now,

cost of one spool for first 2 dozen spools from Wade's Wares=
`\$`
`2.30`

cost of buying of first 2 dozen spools from Wade's Wares=
`2*12*`
`\$`
`2.30`

`\$`
`55.2`

cost of buying of rest 3 dozen spools from Wade's Wares=
`3*12*`
`\$`
`2`

`\$`
`72`

total cost of buying from Wade's Wares=
`\$`
`(55.2+72)`

`\$`
`127.2`

Money saved=cost of buying from Ted's Threads - cost of buying from Wade's Wares

`\$`
`(135-127.2)`

`\$`
`7.8`

percentage saving=
`\frac{\text{money saved}}{\text{cost of buying from Ted's Threads}}*100`

`(7.8)/(135)*100`

≅
`5.78`%

we can save
`5.78`% by going with Wade's Wares