Question

An Apple iPod sells for $781.29 and has a mail-in rebate for $55.00. Determine the cost after the rebate if an envelope costs $0.13 and a stamp costs $0.40

Answer 1

$725.76

Explanation:

Cost of ipod = $781.29

Mail-in rebate = $55.00

Envelope = $0.13

Stamp = $0.40

A mail-in rebate is a mail containing a coupon, receipt or barcode usually in order to receive a certain discount on a purchase.

Cost of the mail-in = $(0.13 + 0.40) = $0.53

Cost of ipod + cost of mail = $781.29 - $0.53 = $780.76

New cost of ipod = (cost of ipod + cost of mail) - amount on mail-in rebate

New cost = $780.76 - $55.00

New cost = $725.76