4
QuizMultiple Choice

Lesson 4: Consumer Responsibilities

Question 4 • [PERFIN] Personal Finance, Sem 2 (26-27)

While out shopping for new clothes, Xaoting sees a sign for cozy socks advertised on sale for $3.50 per pair. The regular price of the socks is $5 per pair. Xaoting buys 3 pairs and notices that the socks do not ring up at the advertised sale price, so she has the cashier do a price check. If the sales tax is 8%, how much does Xaoting save by paying attention at the register?

Answer
A
$3.66
B
$4.50
C
$4.86
D
$5.70

Explanation

Each pair costs $5.00 − $3.50 = $1.50 less on sale. For 3 pairs, Xaoting saves $1.50 × 3 = $4.50 before tax. She also avoids 8% sales tax on that amount: $4.50 × 0.08 = $0.36, for total savings of $4.86. The correct choice is $4.86.

AI-written and checked against the verified answer.

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