The price of a jacket at store A is $48. If the price at store B is 5.5% higher, what is the price difference? What is the cost of the jacket at store B?
How would I set up this problem?
48 * 1.055 = $50.64
50.64 - 48 = ?
Cost of jacket at store B is
$48 x 1.055= $50.64
$50.64 - $48 = $2.64 price difference
Thank you :) I've got it now.
To solve this problem, you can follow these steps:
1. Calculate the price difference between the jacket at store A and store B.
2. Determine the cost of the jacket at store B.
Now, let's break it down:
Step 1: Calculate the price difference between the jacket at store A and store B.
To find the price difference, you need to calculate 5.5% of the jacket's price at store A. This can be done by multiplying the price at store A by 0.055 (since 5.5% is equivalent to 0.055 as a decimal).
Price difference = Price at store A * 0.055
Step 2: Determine the cost of the jacket at store B.
To find the cost of the jacket at store B, you need to add the price difference to the price of the jacket at store A.
Cost at store B = Price at store A + Price difference
Now that you understand how to set up the problem, you can substitute the given values into the equations to find the solution. In this case, the price at store A is $48. Plug this value into the equations to calculate the price difference and the cost at store B.