Dealer A offers a rug for $450, less 33 &1/3% and 20%. Dealer B offers a rug of equal value for $500, less 30%, 20%, and 10%.
Which is the better offer and how much better?
Is this solution correct?
Dealer A: $450 – (8/15 * $450) = $450 - $240 = $210
(I converted 33&1/3%5 to 1/3 and 20% to 1/5 and added these two fractions to get 8/15)
Dealer B: $500 – (60% * $500) = $500 - $300 = $200
Dealer B has the better offer by $210 - $200 = $10.00
I am somewhat confused by the "... rug of equal value...". I think it indicates of equal quality not the same price of $450. (?)
Which is the better offer and how much better?
Is this solution correct?
Dealer A: $450 – (8/15 * $450) = $450 - $240 = $210
(I converted 33&1/3%5 to 1/3 and 20% to 1/5 and added these two fractions to get 8/15)
Dealer B: $500 – (60% * $500) = $500 - $300 = $200
Dealer B has the better offer by $210 - $200 = $10.00
I am somewhat confused by the "... rug of equal value...". I think it indicates of equal quality not the same price of $450. (?)
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