Lewis has a fixed budget and buys all of the items listed below.When will a 20 percent reduction in price cause him to change the amount he buys the most?
A) scented candles,regular price is $25
B) jasmine rice,regular price is $4/lb
C) GAP jeans,regular price is $75
D) flat-screen LCD TV,regular price is $400
E) living room couch,regular price is $300

Question

Quizplus · Accepted Answer

Out of all the items listed, the flat-screen LCD TV is the most expensive item. A 20 percent reduction in its price would result in a savings of $80. This may make a significant difference in Lewis' budget and could lead him to purchase this item instead of other less expensive items on the list. Therefore, a 20 percent reduction in price for the flat-screen LCD TV may cause Lewis to change the amount he buys the most.

Lewis Has a Fixed Budget and Buys All of the Items