Question

At Appliance City you sold a refrigerator to a customer for $369.00. Appliance City advertises that if a customer finds the same refrigerator anywhere else for a lower price you will give them a refund equal to 150% of the price difference. A customer arrives with a Kitchen Stuff Inc. ad that shows the same refrigerator for $335.00. After giving the advertised refund to the customer, what is the customer's final cost?

Answer 1

First, find the difference of the two costs for the same refrigerator.

Difference = 369 - 335 = $34

Next, find the 150% of the difference. This would be the discount that the seller gives to the buyer.

Discount = (34)(1.5) = $51

Now, the final cost would be the original price minus the discount.

Final cost = $369 - $51 = $318