1. Mrs. Nelson wants to buy a wireless speaker for her son. She has narrowed down her choice to two stores: • Kohl’s is selling the

Question

1. Mrs. Nelson wants to buy a wireless speaker for her son. She has narrowed down her choice to two stores:
• Kohl’s is selling the speaker for $60.00. Mrs. Nelson has a Friends and Family discount coupon for 25% off.
• Target purchased the speaker for $38.00 and marked it up by 15% to sell to its customers.

a.) How much would Mrs. Nelson pay for the speaker at Kohl’s? Show your work.

b.) How much would Mrs. Nelson pay for this speaker at Target? Show your work.

c.) Which store would Mrs. Nelson get the best deal and by how much? Show your work.

Please show how you did it…

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Melanie 2 weeks 2021-09-10T22:29:12+00:00 1 Answer 0

Answers ( )

    0
    2021-09-10T22:30:52+00:00

    a) Mrs. Nelson will pay $45 for the speaker at Kohl’s.

    b) Mrs. Nelson would pay $43.70 for the speaker at Target.

    c) Mrs. Nelson would get the best deal from Target’s.

    Step-by-step explanation:

    Selling price at Kohl = $60.00

    Discount coupon = 25%

    Purchase price of Target = $38.00

    Mark up = 15%

    a.) How much would Mrs. Nelson pay for the speaker at Kohl’s?

    Discount = 25% of selling price

    Discount amount = \frac{25}{100}*60=\frac{1500}{100}

    Discount amount = $15

    Cost after discount = Selling price – Discount amount

    Cost after discount = 60-15 = $45

    Mrs. Nelson will pay $45 for the speaker at Kohl’s.

    b.) How much would Mrs. Nelson pay for this speaker at Target?

    Mark up = 15% of purchase price

    Mark up amount = \frac{15}{100}*38=\frac{570}{100}

    Mark up amount = $5.70

    Price after mark up = Purchase price + Mark up amount

    Price after mark up = 38.00+5.70 = $43.70

    Mrs. Nelson would pay $43.70 for the speaker at Target.

    c.) Which store would Mrs. Nelson get the best deal and by how much?

    Difference between prices = 45-43.70 = $1.30

    Mrs. Nelson will save $15 on Kohl’s and she will get the speaker at $43.70 at Target’s, therefore, she would save $1.30 more if she buys speaker from Target’s.

    Mrs. Nelson would get the best deal from Target’s.

    Keywords: mark up, discount

    Learn more about mark up at:

    • brainly.com/question/1849465
    • brainly.com/question/1859525

    #LearnwithBrainly

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