Question

The visa card is giving 5% cash back on all grocery and restaurant purchases, and 1% for all other purchases. You charge $2,000 a month and 1/4 is for grocery and restaurants. Use this information to find your monthly cash back amount.

Answer 1

Explanation:

Total cashback from grocery and restaurant purchases = 500 * 0.05 = 25$

Total cashback from other purchases

= 1500 * 0.01

= 15$

Total cashback = $ 40

Answer 2

2000 / 4 = 500
500 + 5% = 25
1500 + 1%= 15
Total cash back = 40$