I am thinking of getting a Costco Executive Membership. If you get the Executive Membership you get 2% back on your purchases. The Membership is $100.00. How much money would I have to spend to get enough back to pay for the $100 Membership?
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You would have to spend $5,000 to get your $100 back.
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Since you get 2% back on your purchases and you want to know if its worth getting the Costco Executive Membership.
You just have to set up your equation like this:
Let x be your purchase.
x * 0.02 > $100
x > 5000
So this means you need to purchase more than $5000 to get enough back to pay for the membership and to make all this worth it.
You just have to set up your equation like this:
Let x be your purchase.
x * 0.02 > $100
x > 5000
So this means you need to purchase more than $5000 to get enough back to pay for the membership and to make all this worth it.
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its $5000