Problema Solution
Which is the better TV deal (same TV): $500 at 7.2% off or $600 at 22.2% off?
Answer provided by our tutors
First deal: $500 at 7.2% off is (1 - 0.072)*500 = $464
Second deal: $600 at 22.2% off is (1 - 0.222)*600 = $466.80
Since $464 < $466.80 the first deal is better.