Analyzing & Comparing Monetary Incentives

T.i.P.S.

Students will use their knowledge of rational numbers and personal financial literacy to analyze and compare monetary incentives such as sales discounts, rebates, and coupons to determine the savings of each incentive and which would be the best incentive to use.

Example

Tom is needing to buy a new set of four tires for his truck. He sees the following two ads in the newspaper.  

  Which store should he buy his tires from in order to pay the least amount for tires? Justify your thinking.   Hint
Possible Solution

TEKS

Supporting Standard

7.13 Personal financial literacy. The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor. The student is expected to:

(F) analyze and compare monetary incentives, including sales, rebates, and coupons

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