Friday, August 20, 2010

I have 2 coupons offering different incentives. How should I use these coupons for the highest discount?

I need help with a real life logic problem:





I received 2 coupons to my favorite clothing store. I can't combine them, %26amp; they're only good one time. But, I can shop there one day using the 1st coupon, %26amp; return the next day to use the 2nd.





The 1st coupon entitles me to $20 off a $60 purchase, OR $10 off a $20 purchase. (Sales tax cannot be counted, so if something is 59.99, it's still considered under $60 even though the cost with sales tax will put it over $60)





The 2nd coupon entitles me to 30% any purchase.





If I were just buying one thing, say a $60 item, the 1st coupon would be a better deal because I'd save $20; whereas, I'd only save $18 using the 2nd coupon. However, since I plan on purchasing multiple items, how do you recommend I use the coupons to the fullest advantage?





I'd like to buy the following:


Sweater: $54.50


Shirt: $49.50


Jeans: $59.50


Tie: $39.50





Which coupon should I use to buy which products to maximize my savings? Thanks!I have 2 coupons offering different incentives. How should I use these coupons for the highest discount?
Save yourself some money by making one trip to buy everything at 30% off. 20.00 off of 60.00 is a 33% discount only if you purchase something for exactly 60.00, the savings goes down for anything price higher. If you use the coupon for 10.00 off of 20.00 and buy your cheapest item of 39.50 you still only save 25%.I have 2 coupons offering different incentives. How should I use these coupons for the highest discount?
use the 30% off on the most expensive items = $59.50 + $54.50





and just use the $20 off for the other purchase.





you will save ~$65
OH MY DAYS DOES IT ACTUALLY MATTER???? sorry can't help you.
I would advise you to buy the shirt and tie together one day($89) and use the $20 coupon (total cost of $69). Return again the second day and buythe sweater and jeans ($114) and use the 30% off coupon (total cost of $79.80). By doing this you can buy everything you want for a total of $148.80 and savings of $54.20. My other advice would be to buy a tie somewhere else because $40 is insane!! But if it's a must have then this is the best way to do it :).
You want to stay as close to $60 as possible when using the $20 off coupon -- so that it is as close to a 33% discount as possible, therefore make your purchase this way:





Coupon 1: buy the shirt (49.50) and tie (39.50) -- it will cost you $69


Coupon 2: buy the sweater (54.50) and jeans (59.50) -- it will cost you $79.80


Total cost: $148.80 / Total savings: $54.20





Assuming you could buy something for between $5.50 and roughly $10 (like a pair of socks), this would save you more money (not a lot) but get you more items:





Coupon 1: Buy the sweater ($54.50) and something else (using $10 -- item must cost at least $5.50) -- it will cost you $44.50.


Coupon 2: Buy all other items on your list -- it will cost you $103.95.


Total cost: $148.45 / Total savings: $54.55





Ultimately, you want to be as close to $60 to as possible to maximize the discount on coupon 1.
Well the 30% off will guarantee more savings. Your total bill is like $200, and 30% off is $60 in savings vs. $20 in savings. Whenever you going to purchase a good quantity, anything over $100, I would go with the % off.
Coupon 1: $20 off a $60 purchase amounts to 33.33% discount (20/60*100)


Coupon 2: 30% discount





So use Coupon 1 for the most expensive item, i.e the jeans


and Coupon 2 for the next most expensive item, i.e. the sweater.





Total Savings = $20 + (54.5*30%)


= 20 + 16.35


= 36.35





Hope that helps

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