Question

Bothe Shop A and Shop B were selling the same brand of refrigerator at the same price. Shop A raised its price by 15% and finally sold it at a 15% discount. Shop B raised its price by 10% and eventually sold it at a 10% discount. Which shop sold the refrigerator at a higher price?

Answer 1

Let's assume that the initial price of the refrigerator was $100.

Shop A raised the price by 15%, which means the new price was:

$100 + 15% of $100 = $115

Then, they sold it at a 15% discount, which means the final price was:

$115 - 15% of $115 = $97.75

Shop B raised the price by 10%, which means the new price was:

$100 + 10% of $100 = $110

Then, they sold it at a 10% discount, which means the final price was:

$110 - 10% of $110 = $99

Therefore, Shop A sold the refrigerator at a higher price after the price increase and discount.