ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$35
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$40
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$10
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$45
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Detailed explanation-1: -While 10 percent of any amount is the amount multiplied by 0.1, an easier way to calculate 10 percent is to divide the amount by 10. So, 10 percent of $18.40, divided by 10, equates to $1.84.
Detailed explanation-2: -If a price is higher than $100 (the equivalent amount would be more than $10 off), we perceive it as a smaller discount than what it actually is. When we see $20 off instead of $10 off for a $200 item, we think of the number 20, which is higher, so better.
Detailed explanation-3: -Find the original price (for example $90 ) Get the the discount percentage (for example 20% ) Calculate the savings: 20% of $90 = $18. Subtract the savings from the original price to get the sale price: $90-$18 = $72. You’re all set! 29-Dec-2022
Detailed explanation-4: -Divide the number by 100 (move the decimal place two places to the left). Multiply this new number by the percentage you want to take off. Subtract the number from step 2 from the original number. This is your percent off number. 09-Jan-2023