Phone Offer
1. **State the problem:** We have two shops offering discounts on the same phone. We need to find which shop has the lower offer price and the difference in prices.
2. **Calculate the offer price at Low-cost Larry's:**
- Original price: £90
- Discount: $\frac{1}{3}$ off, which means the phone costs $\frac{2}{3}$ of the original price.
- Offer price = $90 \times \frac{2}{3} = 60$
3. **Calculate the offer price at Markdown Market:**
- Original price: £78
- Discount: 20%, so offer price = 80% of £78
- Offer price = $78 \times 0.80 = 62.4$
4. **Compare offer prices:**
- Low-cost Larry's: £60
- Markdown Market: £62.4
- Lower offer price is at Low-cost Larry's.
5. **Find the difference:**
- Difference = £62.4 - £60 = £2.4
**Final answers:**
- a) The phone is cheaper at Low-cost Larry's.
- b) The difference in offer price is £2.4.