Financial Applications of Fractions, Decimals, and Percentages — Quiz
Question 16 • Financial Math
A store offers two coupons. One is 12 dollars off a purchase of 50 dollars or more, and the other one is 15 percent off the total purchase. If a customer is going to spend 72 dollars , which coupon offers the larger discount, and what is the final amount?
Answer
A
The 12 dollars coupon is a larger discount, and the final amount is 60 dollars .
B
The 15 percent off coupon is a larger discount, and the final amount is 61 point 2 0 dollars .
C
The 15 percent off coupon is a larger discount, and the final amount is 60 dollars .
D
The 12 dollars coupon is a larger discount, and the final amount is 61 point 2 0 dollars .
Explanation
The $12-off coupon applies because the purchase is $72, which is at least $50. The 15% coupon saves 0.15 × $72 = $10.80, which is less than $12. Using the larger discount leaves $72 − $12 = $60, so the $12 coupon is better and the final amount is $60.
AI-written and checked against the verified answer.