Disney World Project
By: Isaac Fiedler
Written Reflection (Both Points) Category 3
I am choosing to talk about category 3, The Candy Palace. I bought 3 life size Mickey Suckers ($90 each), 1 Rock candy ( $12), and 1 Fudge ( $30). First I added up all the prices. I got a total of $312. Then I applied the discount, which was 40%. You have to multiply $312 (the total of all the prices) by .40 (the discount). I got $124.80. After that, I subtracted the cost of the discount (124.80) from the total (312) to get $187.20. That is the total after the discount. Now we have to apply taxes. I multiplied 187.20 (discounted price) by .08 (taxes). I got $14.98. Then I added $14.98 to 187.20 and got $202.18. This is total cost of everything including tax and discounts.
Pay with cash would be the best option because there is no interest with cash. However, when you get a loan or use your credit card, the money begins to add up and will usually ends up costing you more in the end. All this happens because of interest. On all three occasions you are receiving money, but when time comes for you to pay it back , cash will be cheaper because the is no interest.
Finding the tax and finding the discount are almost the same. There is only one difference. When finding either one, you multiply the cost/list price by that decimal. When finding/applying tax, you would add that product to the list price. However, when finding/applying the discount, you would subtract that product from the cost/list price