Thursday, November 25, 2010

Finance Problem 2 Solution

This is the finance problem 2 solution which read: "A local furniture store is selling all $850 mattresses at 35% off. Alyssa is buying a mattress and has a coupon for an additional 10% off the sale price. What will Alyssa pay for her mattress? "

Ok you just have to take the discount off twice.   35% off of $850 would be $297.50  so 850 - 297.50 = $552.50 is the sale price.  Now she has a coupon for another 10% off that sales price.  So 10% of 552.50 is 55.25 and 552.50 - 55.25 = 497.25

So Alyssa will pay $497.25 for her mattress....

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