Question

A customer has a debit card that gives monthly cash back bonuses. If the customer spends from $10.00 to $499.99, he earns 1% cash back. If he spends $500.00 to $999.99, he earns 2% cash back. For monthly purchases of $1,000.00 and more, he earns a 3% cash back bonus. His monthly purchases for the past 6 months are as follows: $345.00, $592.00, $609.00, $280.00, $1,020.00, and $452.00. How much did he earn in cash back bonuses over the past six months (rounded to the nearest cent)?x

Answer 1

345 -- 1% cash back -- 345(.01) = 3.45
592 -- 2% cash back -- 592(.02) = 11.84
609 -- 2% cash back -- 609(.02) = 12.18
280 -- 1% cash back -- 280(.01) = 2.80
1020 -- 3% cash back -- 1020(.03) = 30.60
452 -- 1% cash back -- 452(.01) = 4.52

3.45 + 11.84 + 12.18 + 2.80 + 30.60 + 4.52 = 65.39 cash back (total)

Answer 2

any questions ?