The amount of savings is about $3.15 by buying the vests on sale.
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Further explanation
Let's learn about the basic formula about Profit and Loss
[tex]\texttt{Profit = Selling Price - Cost Price}[/tex]
[tex]\texttt{Selling Price = Cost Price ( 100\% + Profit\% )}[/tex]
[tex]\texttt{Loss = Cost Price - Selling Price}[/tex]
[tex]\texttt{Selling Price = Cost Price ( 100\% - Loss\% )}[/tex]
Let us tackle the problem !
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Fleece vests regularly priced at $15.99. If the sales tax is 5% , then:
[tex]\texttt{Regular Price + Tax} = \$15.99 + ($15.99 \times 5\%) = \$ 16.7895[/tex]
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Fleece vests are on sale for 12.99$ , then:
[tex]\texttt{Discounted Price + Tax} = \$12.99 + ($12.99 \times 5\%) = \$ 13.6395[/tex]
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How much can you save by buying the vests on sale?
I can save $16.7895 - $13.6395 = $3.15
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Conclusion:
The amount of savings is about $3.15 by buying the vests on sale.
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Answer details
Grade: Middle School
Subject: Mathematics
Chapter: Percentage
Keywords: Linear , Equations , 1 , Variable , Line , Gradient , Point , Multiplication , Division , Exponent , PEMDAS , percentange , percent , cookies , chocolate , chip , paper , fourth , pieces , sale , Fleece Vests , regular price , sale price
