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? (Points : 2)
Chair A
Chair B
9. 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?
Indicate your specific subject in the "School Subject" box, so those with expertise in the area will respond to the question.
To determine which chair is the better bargain, we need to calculate the markdown percent for each chair.
For Chair A:
Original price = $119.99
Sale price = $79.99
To calculate the markdown percent, we use the formula: (Original price - Sale price) / Original price * 100
Markdown percent = (119.99 - 79.99) / 119.99 * 100 = 33.33%
For Chair B:
Original price = $149.99
Sale price = $89.99
Markdown percent = (149.99 - 89.99) / 149.99 * 100 = 40.00%
Now we compare the markdown percentages of Chair A and Chair B. Chair B has a higher markdown percent, which means it is the better bargain.
Moving on to the second question, the Furniture Gallery is offering a 15% discount on plastic chair mats with the purchase of either chair. The original price of the mat is $29.00.
To calculate the discount, we use the formula: Original price * Discount percent / 100
Discount = 29.00 * 15 / 100 = $4.35
Therefore, the discounted price of the mat is $29.00 - $4.35 = $24.65.
Additionally, the leather protection plan costs $19.95.
Now, we need to calculate the total amount for all your purchases, including the chair, the discounted mat, and the protection plan, considering the sales tax of 6.3%.
Total amount = (Sale price of the chosen chair + Discounted price of the mat + Leather protection plan) * (1 + Sales tax rate)
Let's assume you choose Chair B, which has a sale price of $89.99.
Total amount = (89.99 + 24.65 + 19.95) * (1 + 6.3 / 100)
Total amount = $134.59 * 1.063
Total amount = $143.03
Therefore, the total amount for all your purchases is $143.03.