Question

A refrigerator is priced at $1,250. There are two options offered to reduce the price: either a 25% discount off the price or a rebate of $300. Which is the better choice, and what is the extra amount saved?

Answer 1

A. The 25% discount is better; it saves $12.50 more.

Answer 2

The better choice is to utilize the 25% discount, which is $312.50. The rebate is only $300. The total price is $937.50.