ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Leo wants to buy some shoes. He found the shoes at three different stores for a price of $35. The stores are each having a sale.* Store X is offering 15% off the price of the shoes.* Store Y is offering $5 off the price of the shoes.* Store Z is offering 1/5 off the price of the shoes.Which statement about the sale price of these shoes is true?
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Store X has the best sale price of $20.
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Store Z has the best sale price of $28.
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Store Y has the best sale price of $30.
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Store Z has the best sale price of $7.
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Explanation:
Detailed explanation-1: -Answer: The statement “Store Y has the best sale price of $28” is true because if store y is offering a $5 discount from $35, you will only pay $30.
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