What is the final cost of a desk chair with a [tex]\$100[/tex] sticker price if the discount, coupon, and rebate shown in the table below are used?

\begin{tabular}{|l|r|}
\hline
Sticker Price & [tex]\$100.00[/tex] \\
\hline
Discount & [tex]20\%[/tex] \\
\hline
Coupon & [tex]\$10.00[/tex] \\
\hline
Mail-in Rebate & [tex]\$2.00[/tex] \\
\hline
\end{tabular}

Final Cost [tex]= \$[?][/tex]



Answer :

To determine the final cost of the desk chair, let's go through each step one by one:

1. Sticker Price: The initial price of the desk chair is [tex]$\$[/tex]100.00[tex]$. 2. Discount Calculation: - The discount is $[/tex]20\%[tex]$ of the sticker price. - To find the discount amount, we multiply the sticker price by the discount percentage: \[ \text{Discount Amount} = 0.20 \times 100 = \$[/tex]20.00
\]

3. Price After Discount:
- Subtract the discount amount from the sticker price to get the price after the discount:
[tex]\[ \text{Price After Discount} = 100 - 20 = \$80.00 \][/tex]

4. Coupon Application:
- The coupon reduces the price by [tex]$\$[/tex]10.00[tex]$. - Subtracting the coupon value from the price after the discount gives us: \[ \text{Price After Coupon} = 80 - 10 = \$[/tex]70.00
\]

5. Rebate Application:
- Finally, the mail-in rebate reduces the price further by [tex]$\$[/tex]2.00[tex]$. - Subtracting the rebate value from the price after applying the coupon gives us: \[ \text{Final Price} = 70 - 2 = \$[/tex]68.00
\]

Therefore, the final cost of the desk chair, after applying the [tex]$20\%$[/tex] discount, the [tex]$\$[/tex]10.00[tex]$ coupon, and the $[/tex]\[tex]$2.00$[/tex] mail-in rebate, is [tex]$\$[/tex]68.00$.