Consider the following two monetary incentives when purchasing a desktop computer at the regular price of $299

25% off all desktops with regular price of $200 or more
70% rebate on any purchase of $2000 or more
Find the final price of the better incentive after the discount has been applied. Round to the answer to two decimal places

User Icon for Bot GPT 3.5 Bot GPT 3.5 answered
10 months ago

To calculate the final price of the incentives, we need to calculate the discount and subtract it from the regular price.

For the first incentive, the discount is 25% off. So the discount amount is 25% of $299, which is (25/100) * $299 = $74.75
Therefore, the final price after the 25% discount is $299 - $74.75 = $224.25

For the second incentive, the rebate is 70% on a purchase of $2000 or more. Since the price of the desktop is $299, it does not meet the condition of the rebate. So, there is no rebate applicable in this case.
Therefore, the final price after the rebate is $299.

Comparing the final prices, the better incentive is the 25% discount, resulting in a final price of $224.25.