Question

GameStop has the Xbox One advertised for 15% off the original price of $350, plus 6% sales tax. Online Xbox One is advertised at Best Buy for $310.00 plus 9% sales tax. Which is the better buy? Explain your reasoning.

Answer 1

Answer:

GameStop is better buy to buy Xbox One with final price of $315.35.

Step-by-step explanation:

For GameStop shop:

Given:

Original price = $350

Discount percent = 15%

Sales tax = 6%

We need to find the Total Cost of X box at GameStop shop.

First we will find Discounted price of X box.

Discounted price of X box can be calculated by Discount percent multiplied by Original price and then divided by 100.

framing in equation form we get;

Discount price = $\frac{15}{100}\times 350 = \ 52.5$

Price of X box after discount = Original price - Discounted price = $\ 350 -\ 52.5 = \ 297.5$

Sales tax = 6%

Sales tax amount = $\frac{6}{100}\times 297.5 = \ 17.85$

Total Cost of the X box is equal to Price of X box after discount plus Sales tax amount.

framing in equation for we get;

Total Cost of the X box at GameStop = $297.5+17.85 = \ 315.35$

Hence Total Cost of X box One at GameStop shop is $315.35.

For Best buy Online:

Given:

Price of X box One = $310

Sales tax = 9%

Amount of sales tax = $\frac{9}{100}\times 310=\ 27.9$

Total Cost of the X box is equal to Price of X box plus Sales tax amount.

framing in equation form we get;

Total Cost of the X box at Best Buy Online = $\ 310+\ 27.9=\ 337.9$

Hence Total Cost of X box One at Best Buy is $337.9.

By Comparing Total Cost of X box One at GameStop shop and Total Cost of X box One at Best Buy we can see that Total Cost of X box One at GameStop shop is less than Total Cost of X box One at Best Buy.

Hence GameStop is better buy to buy Xbox One.