Question

The manager at the shoe store, Nicks kicks, is putting a pair of basketball shoes on sale. The basketball shoes originally cost $125.00 per pair. the manager puts these shoes on sale for 20% off. the tax rate is 6%the manager at payless is selling the same pair of shoes. the originally price is $130.00 per pair, and they are offering a 25% off sale, how ever they they have to charge 8% sales tax.what shoe store is the better price and why?

Answer 1

Consider the first store Nicks Kicks.

The cost price (C) is $125.00 . There is a discount of 20%. And the tax rate (T) is 6%.

So the selling price (S) is calculated as,

$S=(1-D)C+TC=(1-\frac{20}{100})\times125\text{ + }\frac{6}{100}\times125=107.5$

Thus, the selling price of the shoes is $107.5 at the store, Nicks Kicks.

Now, consider the other store, Payless.

The cost price (C) is $130.00 . There is a discount of 25%. And the tax rate (T) is 8%.

So the selling price (S) is calculated as,

$S=(1-D)C+TC=(1-\frac{20}{100})\times125\text{ + }\frac{6}{100}\times125=107.5$

Thus, the selling price of the shoes is $107.5 at the store, Nicks Kicks.