Question

Lucky you! You went to couponcabin and found a 25% off coupon to your significant other’s favorite store. Armed with that coupon, you went to the store only to find a storewide sale offering 20% off everything in the store. In addition, your credit card has a special offer that allows you to save 10% if you use your credit card for all purchases that day. Using your credit card, what will you pay before tax for the $165 gift you found? Use the single equivalent discount to calculate how much you save and then calculate your final price. (Do not round intermediate calculations. Round your final answers to the nearest cent.)

Answer 1

you will save $75.9 and your final price will be $89.1.

Step-by-step explanation:

credit card discount = (100 - 20 - 20)*10/100

= 6%

single equivalent discount = store wide sale + coupencabin.com coupon + credit card discount

= 20% + 20% + 6%

= 46%

savings = gift price*discount rate

= 165*46%

= $75.9

final price = gift price - savings

= $165 - $75.9

= $89.1

therefore, you will save $75.9 and your final price will be $89.1.