Consumer math banking

Question

Jay went to Safeway and purchased $35.00 on groceries and got 4 tens in cash back. How much money will it show that he spent on his bank statement?

Answer 1

This is a great question! When you get cash back at a store, the total amount of the transaction -- both the amount purchased and the cash back amount -- is charged to your bank account in a single transaction.

So in this case it will show that he spent $35 + 4($10) = $75 on his bank statement.