10
QuizMultiple Choice

Insurance — Unit test

Question 10 • General Financial Literacy - Brinkerhoff - 2000 - 2026/27

A refrigerator is priced at $1,250. There are two options offered to reduce the price: either a 25% discount off the price or a rebate of $300. Which is the better choice, and what is the extra amount saved?

Answer
T
The 25% discount is better; it saves $12.50 more.
T
The rebate is better; it saves $12.50 more.
T
The 25% discount is better; it saves $75 more.
T
The rebate is better; it saves $75 more.
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