Discounted price related math problem

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  • Thread starter Thread starter Sirkal
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Discussion Overview

The discussion revolves around a math problem related to calculating the cash refund for a returned item based on various sales scenarios and tax implications. Participants explore different cases involving discounts and tax application, seeking to determine the lowest amount the item sold for after these adjustments.

Discussion Character

  • Mathematical reasoning
  • Debate/contested

Main Points Raised

  • One participant calculates the non-discounted price including tax as $54.75 and explores four different sale scenarios to find the refund amount.
  • In the first case (10% off), the calculated refund is $49.28 based on the taxed price.
  • Another participant questions the application of the discount after tax, suggesting that the method of calculation is unusual.
  • One participant identifies the second sale (no tax) as yielding a refund of $50.
  • Another participant calculates the refund for the last sale scenario (buy anything over $40 and get a $5 gift card) as $49.75 after applying the gift card discount to the taxed price.

Areas of Agreement / Disagreement

Participants express differing views on the calculation methods and the implications of tax and discounts, indicating that there is no consensus on the correct approach to determine the lowest refund amount.

Contextual Notes

Participants have not fully resolved the implications of tax application before discounts, and there are varying interpretations of the sale scenarios. Some calculations depend on assumptions about how discounts are applied in relation to tax.

Sirkal
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You go shopping and buy a gift for a friend, but on the day before youre going to give it to him, you notice that he already has exactly what you bought him! You take the gift back to the mall, but you lost your receipt. The cashier says that you can only get back cash for the lowest amount that the item sold for. The item was originally \$50 and sales tax in your area is 9.5%. it went on sale on four different occasions. Keep in mind that when an item goes on sale, it is taxed first and then the discount is taken. The first sale was 10% off. The second sale was no tax. The third sale was buy 3, get 1 half off. The last one was buy anything over \$40 and get a $5 gift card. How much cash will you get back?
 
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Sirkal said:
You go shopping and buy a gift for a friend, but on the day before youre going to give it to him, you notice that he already has exactly what you bought him! You take the gift back to the mall, but you lost your receipt. The cashier says that you can only get back cash for the lowest amount that the item sold for. The item was originally \$50 and sales tax in your area is 9.5%. it went on sale on four different occasions. Keep in mind that when an item goes on sale, it is taxed first and then the discount is taken. The first sale was 10% off. The second sale was no tax. The third sale was buy 3, get 1 half off. The last one was buy anything over \$40 and get a \$5 gift card. How much cash will you get back?

Taxed first, then discount is applied? ... never have seen it work that way in actual practice, but I’ll play by the rule. So, non-discounted price including tax is $50(1.095)=54.75$ for any case.

case 1, 10% off ... $54.75(0.9)=49.28$

case 2, no tax ... you can figure this one out, I’m sure.

case 3, buy 3 get 1 half off ... $\dfrac{3.5(54.75)}{4} = 47.91$

case 4, receive a \$5 gift card for any purchase over \$40 ... you can probably figure out this one yourself, also.
 
0.95 * 54 = 51.3
So that's how much I receive back from the store?
 
Sirkal said:
0.95 * 54 = 51.3
So that's how much I receive back from the store?

why $0.95 \cdot 54$ ? where did that come from ?

... read this part of the question again

The cashier says that you can only get back cash for the lowest amount that the item sold for.

which of the 4 cases is the lowest ?
 
The second sale was no tax = 50

The last one was buy anything over \$40 and get a \$5 gift card. ---- 54.75 - 5 = 49.75
 

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