Question

Supplier X offers a mechanic a part at 35% off the retail price of $65.60. Supplier Y offers him the same part at 20% over the wholesale cost of $38.80. Which is the better deal, and by how much?

Answer 1

Supplier X offers a better deal by $3.92

Step-by-step explanation:

Here, we want to get the better deal, and at what cost

For supplier x:

The price offered is 35% off the retail price. This means he would be paying 65% of the retail price

We have the price calculated as:

`(65)/(100)*65.6\text{ = \$42.64}`

For supplier Y:

We have 20% over the wholesale cost (that means 120% of the wholesale cost)

We have the price calculated as:

`(120)/(100)*\text{ 38.80 = \$46.56}`

From what we can see, the price of supplier X is better

It is better by how much?

This is calculated as the difference between the two

We have that as:

`46.56\text{ - 42.64 = \$3.92}`