Which of the following is an example of a rebate?
A) $10 off a $100 purchase for buying in quantity
B) $3 off a $100 purchase for paying the bill within 10 days
C) $25 off a $100 purchase because of a trade-in at the time of transaction
D) $5 returned by mail after a $100 purchase for making the purchase

Question

Quizplus · Accepted Answer

A rebate is a partial refund to someone who has paid too much money for tax, rent, or a utility. The key characteristic of a rebate is that it is received after the purchase has been made, often requiring the buyer to submit a request for the rebate. Option D describes a scenario where the customer receives money back after making a purchase and submitting a request through mail, which aligns with the definition of a rebate.

Which of the Following Is an Example of a Rebate