15
QuizMultiple Choice

Financial Responsibility and Budgeting — Test

Question 15 • Personal Finance

Ricardo is treating his employees and makes these purchases at the store: 2 packages of bagels at 3 point 4 9 dollars each 2 containers of cream cheese at 2 point 8 9 dollars each 3 dozen doughnuts at 5 point 3 9 dollars each 4 bottles of juice at 3 point 4 9 dollars each Ricardo has a business account which saves him 5 percent on all purchases at this store. The discount is applied before tax. He is charged sales tax of 7 percent If Ricardo paid 45 point 8 9 dollars , then he _____ for his purchase.

Answer
A
paid 5 point 1 4 dollars too much
B
did not pay enough
C
paid the correct amount
D
paid 2 point 2 9 dollars too much

Explanation

The purchases total $42.89: $6.98 for bagels, $5.78 for cream cheese, $16.17 for doughnuts, and $13.96 for juice. After the 5% discount, the cost is $42.89 × 0.95 = $40.7455; adding 7% tax gives about $43.60. Since Ricardo paid $45.89, he paid about $45.89 − $43.60 = $2.29 too much, so he paid $2.29 too much.

AI-written and checked against the verified answer.

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