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Tuesday, July 16, 2024  
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Household Math: Shopping Sale

Scott Bilker Scott Bilker is the founder of DebtSmart.com and author of the best-selling books, Talk Your Way Out of Credit Card DebtCredit Card and Debt Management, and How to be more Credit Card and Debt Smart. Receive the 5-Year Loan Spreadsheet when you subscribe to his email newsletter.

Two stores are having a sale. In Store #1 the deal is take 25% off then take an additional 25% off. In Store #2 the deal is take 50% off. Which store has the better deal? (Store #1, Store #2, Both are the same)

Store #2

In order to clarify what’s going on here let’s look at an example.

Say you’re buying a jacket that costs $100. In Store #1 the discount is 25%, which makes the jacket cost $75, and then you take off another 25%, which makes the jacket cost $56.25.

In Store #2 the discount is simply 50% off, which makes the jacket cost $50.

Buying the jacket in Store #2 costs $6.25 less than buying it in Store #1.

This entry was posted in Coupons, Free Content Library, Household Math, Math and Money. Bookmark the permalink. Read more articles by Scott Bilker. (Also see articles by all authors and articles in all categories.)

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