Two furniture stores are running double discount sales. ABC offers a discount of 60%, followed by another discount of 10% on that discounted price.
XYZ offers a discount of 50%, followed by another discount of 25% on that discounted price.
- Explain why a sofa with an original price of £800 will cost £288 at ABC.
Final cost $ = (800*\frac{40}{100})*\frac{90}{100} = £288$
- How much will the same sofa cost at XYZ?
Final cost $ = (800*\frac{50}{100})*\frac{75}{100} = £300$
XYZ decides to change its discount structure. It wants to offer exactly the same overall percentage savings as ABC. It proposes to offer a discount of x%, followed by another discount of x% on that discounted price.
- Write down an equation for x, and solve it to find the value of x.
ABC overall percentage discount $= \frac{800-288}{800} * 100 = 64$%
XYZ final cost 'C' with new discounting: $C =(800*\frac{100-x}{100}) * \frac{100-x}{100} = 288$
Therefore: $8x^2 - 1600x +51200=0$, roots of x 160, 40, gives x = 40%
Seems a bit overly convoluted to come to that result, if it's correct, any thoughts on a simpler/cleaner approach?