You’re ordering more thread for blue jeans co. you usually purchase from ted’s threads, which sells 12 thread spools for $27. you recently received a notice from wade's wares that says you can buy thread from them for $2.30 each for the first 2 dozen and $2 a spool thereafter. you need to order 5 dozen spools. what percentage can you save by going with wade’s wares?

5.78 %

Step-by-step explanation:

Given: we’re ordering more thread for Blue Jeans Co, Ted’s Threads sells 12 thread spools for $27 we can buy thread from Wade's Wares for $2.30 each for the first 2 dozen and $2 a spool thereafter.

To Find: What percentage can we save by going with Wade’s Ware

Solution:

price of 12 thread spools from Ted's Threads=

cost of buying 5 dozen thread spools from Ted's Threads=

now,

cost of one spool for first 2 dozen spools from Wade's Wares=

cost of buying of first 2 dozen spools from Wade's Wares=

cost of buying of rest 3 dozen spools from Wade's Wares=

total cost of buying from Wade's Wares=

Money saved=cost of buying from Ted's Threads - cost of buying from Wade's Wares

percentage saving=

                               ≅%

we can save % by going with Wade's Wares