Determine the promotional price of each item at each store. Original Price Discount (Dollars) $15.00 Off 40% Off Item (Dollars) (Dollars) A music box $90 $75.00 $54.00 A faux Ming vase $75.00 $60.00 $45.00 Suppose a friend of yours wants to buy a crystal candlestick. You remember seeing this item at both Annie's Attic and Betty's Breakables, but you do not remember the price. What advice should you give your friend in this situation? O Go to Betty's Breakables, if the price is below $37.50. Go to Annie's Attic, if the price is above $37.50 O Go to Annie's Attic, $15.00 off is always better than 40% off. O Go to Betty's Breakables, 40% off is always better than $15.00 off. O Go to Betty's Breakables, if the price is above $37.50.
Determine the promotional price of each item at each store. Original Price Discount (Dollars) $15.00 Off 40% Off Item (Dollars) (Dollars) A music box $90 $75.00 $54.00 A faux Ming vase $75.00 $60.00 $45.00 Suppose a friend of yours wants to buy a crystal candlestick. You remember seeing this item at both Annie's Attic and Betty's Breakables, but you do not remember the price. What advice should you give your friend in this situation? O Go to Betty's Breakables, if the price is below $37.50. Go to Annie's Attic, if the price is above $37.50 O Go to Annie's Attic, $15.00 off is always better than 40% off. O Go to Betty's Breakables, 40% off is always better than $15.00 off. O Go to Betty's Breakables, if the price is above $37.50.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following questions highlight how changes in numbers can be measured in both absolute and relative, or percentage, terms.
Two stores in a mall are having promotions. The first, Annie's Attic, is offering $15.00 off any purchase. The other, Betty's Breakables, is offering 40% off any purchase.
Each store offers a music box at a (non-discounted) price of $90 and a faux Ming vase for $75.00, as summarized in the following table.
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