Question

Maxine wants to buy a fax machine that has a full price of $220.00, plus a 7% sales tax. At store A, the fax machine is on sale for 15% off, while at store B, the fax machine is being sold for full price, but Maxine has a $35 coupon she can use at only store B. Help Maxine decide if she should buy the fax machine at store A or at store B. Part I: What is the sale price of the fax machine at store A, not including tax? Part II: What is the total amount that Maxine would pay for the fax machine at store A, including tax?Part III: What is the price of the fax machine, not including tax, at store B after the coupon has been applied? Part IV: What is the total amount that Maxine would pay for the fax machine at store B, including tax?Part V: Assuming that Maxine wants to spend the least amount of money as possible, should she buy the fax machine at store A or at store B?

Answer 1

EXPLANATION

Let's see the facts:

Machine price = $220.00

Sales tax=7%

At Store A-----> Discount=15%

At Store B----->Coupon for $35

Part I:

Sale price at Store A (including discount)= Machine Price*[100%-Discount] (In decimal form)

Sale price at Store A (including discount)= 220.00 * 0.85 = $187

Part II:

Sale price at Store A (including tax) = Sale price at Store A (including discount) + Sale price at Store A (including discount)* Tax in decimal form

Sale price at Store A (including tax) = 187 + 187*0.07 = $200.09

Part III:

Sale price at Store B (including coupon)=Machine Price-coupon discount

Sale price at Store B (including coupon)=220-35 = $185

Part IV

Sale price at Store B (including tax) = Sale price at Store B (including coupon) + Sale price at Store A (including coupon)* Tax in decimal form

Sale price at Store B (including tax) = 185 + 185*0.07 = $197.95

Part V:

Assuming that Maxine wants to spend the least amount of money as possible, he should buy the fax machine at Store B.

Answers:

Part I: $187

Part II: $200.09

Part III: $185

Part IV: $197.95

Part V: Store B