Economics word problem.

Question

London Drugs is selling the new macbook pro for a selling price of $1788.13 with markdowns of 36% and 11%. Future shop is selling the same macbook pro for a selling price of $1785.71 with a markdown of 22%. What additional discount should you ask for from the more expensive shop?

Answer 1

First take 36% off of the original price, then take an additional 11% off of the discounted price:

 

1788.13 - 0.36(1788.13) = 1144.40

 

1144.30 - 0.11(1144.40) = 1018.52

 

London Drugs sale price = $1018.52

 

Future Shop sale price = 1785.71 - 0.22(1785.71) 

 

                               = 1785.71(1 - 0.22)

 

                               = 1785.71(0.78)

 

                               = $1392.85

 

$1392.85 - $1018.52 = $374.33

 

Future Shop should offer an additional discount of $374.33 to match the price of London Drugs.