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When comparing prices, you always need to make sure that both products are identical. By doing this comparison you're again comparing apples to apples,

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Presentation on theme: "When comparing prices, you always need to make sure that both products are identical. By doing this comparison you're again comparing apples to apples,"— Presentation transcript:

1 When comparing prices, you always need to make sure that both products are identical. By doing this comparison you're again comparing apples to apples, not apples to oranges. There are two different types of comparisons. Store to store and cross boarder shopping (usually in Buffalo, New York). We are going to investigate both situations. Comparing discount pricing

2 Store to store pricing Questions to ask yourself: Is it worth comparing prices? How much are you willing save or spend? How much time are you going to invest shopping from store to store?

3 These WWE mini action figure 3 packs are flying off the shelves! The wrestlers include: John Cena, the slapper, and Jacques Van Dam. Wal-Mart, Zellers and Toys R Us all have these figures in stock. With your group determine which store has the best price. Zellers $ % off Wal-Mart $ % off Toys R Us $25.99

4 Answers $29.99 at 10% off. $34.99 x.20 = $7.00 off = $27.99 $27.99 before taxes HST 13%.13 x $27.99 = $3.64 $31.63 with taxes $34.99 at 20% off. $29.99 x.10 = $2.99 off = $27.00 $27.00 before taxes HST 13%.13 x $27.00 = $3.90 $30.90 with taxes $ $25.99 before taxes HST 13%.13 x $25.99 =$3.38 $29.37 with taxes

5 Minds on: Cross boarder shopping Samsung - 50" 1080p Wireless Flat-Panel Plasma HDTV Buffalo, New York. Walden Galleria Kitchener, Ontario. Fairway Road $3, $2, % tax 13% tax

6 Answer $2, x 13% HST.13 = $ Retail Price $3, $3, x 6%.06 = $ tax $3, $ tax = $2, $ tax = $ with taxes $ with taxes Retail Price $2,699.99


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