5
QuizMultiple Choice

Budgeting and Being a Smart Consumer(CFA1)

Question 5 • General Financial Literacy - Brinkerhoff - 2000 - 2026/27

Walden’s family is shopping for a reclining chair. The chair the family decided on has a retail price of $800 plus 5% sales tax at four stores. Each store is offering a different promotion. StorePromotional OfferA$75 instant rebateB10% off saleC5% off sale plus store pays sales taxDa “no tax” sale—the store pays the taxWhich store has the best deal?

Answer
A
store A
B
store B
C
store C
D
store D
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