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 $200 or More.
Find the final price of the better incentive, after the discount has been applied. Round the answer to two decimal places.

1 answer

To find the final price of each incentive, we need to determine what the discount or rebate would be.

For the first incentive: 25% off implies the discount is 25% of the original price ($299). So the discount would be 0.25 * $299 = $74.75.

For the second incentive: The rebate is a fixed amount of $70.

To find the final price, we subtract the discount or rebate from the original price.

For the first incentive: $299 - $74.75 = $224.25

For the second incentive: $299 - $70 = $229

Comparing the two final prices, the better incentive is the first one with a final price of $224.25.