Suppose a retail store was offering 10% off list prices on all goods. The benefit of the 10% savings is:

Question

Quizplus · Accepted Answer

The benefit of the 10% savings is positively related to the list price of the good. This is because the higher the list price, the greater the savings will be with a 10% discount. For example, if the list price is $100, the customer will receive a $10 discount, which is a greater benefit than if the list price was $50 and the discount was only $5.

Suppose a Retail Store Was Offering 10% Off List Prices