Cheap101 Commencement Board: Official Exit Exam
TEST CODE: DEG-SAV-101 | TIME LIMIT: Untimed | PASSING SCORE: 100%
To confer the ceremonial degree of Master of Savings, every student must demonstrate mastery of consumer self-defense, unit price arithmetic, and resistance to retail impulse manipulation. Complete all questions below.
Part I: Multiple Choice Exam
Question 1: The Register Trap
A checkout clerk asks: “Would you like to open our store rewards card today and save 15% on today’s $24 purchase?” What is your required response?
- A) “Yes! 15% off sounds like great savings!”
- B) Politely stare into the distance while holding an envelope of exact change.
- C) “No thank you, I prefer not to pay 31.99% variable interest on my socks.”
Question 2: The Bulk Mathematics Problem
Brand A peanut butter is $3.00 for 16 oz ($0.187/oz). Brand B bulk tub is $11.00 for 64 oz ($0.171/oz). However, you live alone and will only eat 30 oz before oil separation and rancidity sets in. Which option is cheaper?
- A) The bulk tub, because the unit price per ounce is lower on paper.
- B) Brand A, because uneaten food thrown in the trash has a unit cost of infinity.
- C) Neither; make your own peanut butter using dry-roasted peanuts bought with coupons.
Question 3: The Convenience Tax Calculation
Pre-shredded bagged cheddar cheese costs $4.29 for 8 oz. An 8 oz block of cheddar costs $2.19. The shredding process takes approximately 45 seconds using a box grater. What hourly wage are you paying yourself to shred your own cheese?
- A) Minimum wage.
- B) Approximately $168 per hour tax-free.
- C) Not enough to justify washing the grater. (Automatic expulsion from Cheap101).
Commencement Bookstore: Required Reading for Graduates
Graduates seeking advanced post-doctoral degrees in asset retention should review our approved literature on couponing, frugality, and compounding interest:
Approved Commencement Reading List:
Physical books on frugal living, household ledger accounting, and waste reduction qualify for Amazon’s highest affiliate commission tier while teaching lifetime wealth-building habits.