Question

1. Mrs. House wants to buy a wireless speaker for her husband. She has narrowed down her choice to two stores: • Kohl’s is selling the speaker for $60.00. Mrs. House has a Friends and Family discount coupon for 25% off. • Target purchased the speaker for $38.00 and marked it up by 15% to sell in the store. a.) How much would Mrs. House be paying for the speaker at Kohl’s? Show your work.(2 points) b.) How much would Mrs. House pay for this speaker at Target? Show your work. (2 points) c.) Which store would Mrs. House get the best deal and by how much? Show your work. (2 points)

Answer 1

Explanation:

a) Kohl’s is selling the speaker for $60.00. Mrs. House has a Friends and Family discount coupon for 25% off.

This means that the amount that he would have to pay would be the cost of the speaker - 25% of this cost and multiplied by 100. It becomes

60 - (25/100 × 60) = 60 - 15 = $45

So she would be paying $45 at Kohl

b) Target purchased the speaker for $38.00 and marked it up by 15% to sell in the store. The price that she will pay at Target would be the sum of the price at which Target purchased it + 15% of this price. It becomes

38 + (15/100 × 38) = 38 + 5.7 = 43.7

So she would be paying $43.7 at Target.

c) she would get the best deal at Target because it is cheaper there. She would be saving

45 - 43.7 = $1.3