## Tuesday, July 21, 2009

### Neiman Marcus Sale Puzzle

A pair of designer shoes at Neiman Marcus was discounted 15%, and three months later an additional 30%. Spring came and, unexpectedly, the shoe designer got into the spotlight at the Paris design show. Daniel Marcus, who runs the Neiman Marcus store, immediately decided to increase the shoe price by 45%. Question is, would it have been better to buy these shoes when they just arrived at the store or now, after all the price changes?

Submit your answer on our Family Puzzle Marathon site. Solve three puzzles and get a prize!

Kalonni said...

The best price would be the one after all the price changes were made.

For example, if the shoes were originally \$100, 15% off would take them to \$85. An additional 30% would take \$25.5 more off, leaving the shoes at \$59.50. 45% of that would be \$26.78.

\$59.5 + \$26.77 = \$86.27

That is about 13% less than the original price...

Maria said...

You are just amazing, Tiffany Kalonni!

Kalonni said...

Thanks, but you've switched the order of my names...

Maria said...

I apologize...
FirstName LastName
Kalonni Tiffany

Kalonni said...

NP. Unfortunately, that is what marriage has dealt me...