A magazine advertises that a subscription price of $29.99 ( for 12 issues) represents a savings of 70% from the newsstand price.
A- What does this imply the price of one issue must be?
B- If you found that the actual price for a single issue is $8.00, would you consider the ad to be in error? why or why not?
To calculate the price of one issue, we can use the percentage savings provided.
A- Let's assume the price of one issue is "X". The savings percentage of 70% is equivalent to paying 30% of the original price. So, we can set up the equation:
0.30 * X = $29.99
Solving this equation, we find:
X = $29.99 / 0.30 ≈ $99.97
Therefore, the price of one issue must be approximately $99.97.
B- If we found that the actual price for a single issue is $8.00, compared to the calculated price of $99.97, it would suggest that the ad is erroneous. This price of $8.00 is considerably lower than the calculated price, which implies that the savings percentage stated in the ad is inaccurate. Hence, the ad would be misleading or incorrect in this case.
A - To find the price of one issue, we need to determine what the 70% savings represents.
Let's assume the newsstand price for one issue is represented by 'x'.
The subscription price for 12 issues is $29.99, which is stated to be a savings of 70% from the newsstand price.
Mathematically, we can express this as:
0.70x = $29.99
To find 'x', we can divide both sides of the equation by 0.70:
x = $29.99 / 0.70
Simplifying this, we find:
x ≈ $42.84
Therefore, the price of one issue must be approximately $42.84.
B - If we found that the actual price for a single issue is $8.00, we can compare it to the calculated price of $42.84.
The ad claims a savings of 70% from the newsstand price, which implies that the subscription price represents a significant discount. However, if the actual newsstand price for one issue is $8.00, it is significantly lower than the calculated price of $42.84.
Therefore, we can conclude that if the actual price for a single issue is $8.00, the ad is in error. The claimed savings of 70% does not align with the given newsstand price.
1.75
If the single issue price is x, then
29.99/12 = .70x
Now just find x, and you can answer part B.