24
practice examMultiple Choice

Practice Exam

Question 24 • Personal Finance

Manny makes these purchases at the store: pair of jeans for 32 point 6 5 dollars 3 t-shirts for 14 point 8 9 dollars each pair of sneakers for 39 point 9 9 dollars The store is having a promotional sale where 10 percent is taken off of each customer’s total purchase before tax. The sales tax is 8 percent If Manny paid 114 point 0 3 dollars , then he _____ for his purchase.

Answer
A
paid 8 point 4 5 dollars too much
B
paid the correct amount
C
paid 5 point 6 3 dollars too little
D
paid 3 point 2 8 dollars too little

Explanation

First, add the purchases: $32.65 + 3($14.89) + $39.99 = $117.31. After the 10% discount, the total is $117.31 × 0.90 = $105.579; adding 8% tax gives $105.579 × 1.08 = $114.02532, which rounds to $114.03. Manny paid the correct amount, so the answer is C.

AI-written and checked against the verified answer.

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