Sunday, February 5, 2012

What sales discount would I need to afford a Golf Set?

I have $450 to spend, and a gold set regularly costs $600, with a tax of 15%. What sales discount will the sports store need to offer on the golf set in order for me to be able to afford the Gold Set?



I have tried answering this question multiple times, and I still can not get the correct answer or method for that matter. Could someone please help me out, if at least just a hint. Thank you.What sales discount would I need to afford a Golf Set?Since you add 15% to the price to get the total price (actual price plus tax), and since 15% is 0.15, you need to divide the $450 you have by 1.15 to get the maximum price you can pay:

$450 / 1.15 = 391.30.



the regular price is $600, so you need a discount of

$600 - $391.30 = $208.70



This is a discount of

100 * 208.70 / 600 = 34.78333%
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