You are shopping for an executive desk chair at The Furniture Gallery. You see two you like on sale. Chair A was originally $119.99 now on sale for $79.99 and Chair B was originally $149.99 now on sale for $89.99. Calculate the markdown percent of each chair to determine which is the better bargain. Is it Chair A or Chair B? Answer for first part is Chair B. Using the information you calculated in the question above, consider the following. The Furniture Gallery is offering a 15% discount on plastic chair mats with the purchase of either chair. You have chosen a mat with an original price of $29.00. You also decide to purchase a two-year leather protection plan on your chair for $19.95. If you choose the chair with the greater markdown percent and the sales tax in your area is 6.3%, what is the total amount for all your purchases?
3 answers
(79.99/119.99 )-1 = -0.333 = -33.3%.
The negative sign means "down".
Chair B:
(89.99/149.99)-1 = -0.400 = -40%.
Mat = 0.85*29 = $24.65
Leather protection = $19.95
(79.99/119.99 )-1 = -0.333 = -33.3%.
The negative sign means "down".
Chair B:
(89.99/149.99)-1 = -0.400 = -40%.
Mat = 0.85*29 = $24.65
Leather protection = $19.95
Total Cost = (89.99+24.65+19.95)*1.063=
$143.07.
If the offer were changed to “Buy 3, Get 2 Free,” what would be the new markdown percent?