Question

Someone offers to give you some money. You can choose between 15% of $1,500 or 25% of $950. Which amount should you choose?

Answer 1

You should choose 25% of $950 as that gives the higher amount of money.

15% of $1,500 = $225

25% of $950 = $237.5

Answer 2

First, you should figure out which sum of money is larger.

0.15 * 1500 = 225

0.25 * 950 = 237.5

After figuring this out, one would realize that 25% of $950 is larger than 15% of 1,500.

Therefore, if someone offers to give you 15% of $1,500 or 25% of $950, you should choose 25% of 950.