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Markdown Savings: A typical solution

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The price tag on the article you want to buy says $15.99. The date on the back of the tag is July 25, so you will save an additional 25% of the price.

Your solution:

  1. $15.99 x 25% = $4.00
  2. Therefore you would pay $15.99 - 4.00 = $11.99
  3. The tax is 5%, which is $11.99 x 5% = $0.60
  4. Therefore the total price would be $11.99 + 0.60 = $12.59

Your solution need not be this detailed, but I want to know the original price, the savings, and the final amount, including tax. The more information you include in your solution, the more marks you will earn if your calculations are faulty.

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Please mail comments and suggestions to Richard Briston
27 January 1996