What does 'BOGO' stand for in retail deals?
AnswerBuy one, get one
BOGO deals give a second item free or discounted when you buy one.
Money · Facts & stats
Deals facts & stats
7 fact-checked facts about deals, discounts and smart shopping, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
A 50% discount on a $40 item brings the price to what?
Answer$20
Half of $40 is $20.
Going deeper
What does a unit price on a shelf tag tell you?
AnswerThe cost per standard unit, such as per ounce
Unit price lets you compare value across package sizes.
Which is the bigger discount?
AnswerA single 40% off
Two 20% discounts leave 0.8 x 0.8 = 64% of the price, which is only 36% off.
What is a 'loss leader'?
AnswerAn item sold at or below cost to attract shoppers
Stores accept a loss on the item hoping shoppers buy other things.
Expert level
An item is marked up 25%, then discounted 20%. How does the final price compare to the original?
AnswerIt is the same
1.25 x 0.80 = 1.00, so the price ends where it started.
Singles' Day, one of the world's biggest shopping events, falls on which date?
AnswerNovember 11
Singles' Day is 11/11, chosen for its four ones.
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