Regular price of tree lights = $12.40
Percentage off on tree lights = 15 %
Discount = 15 % of 12.40 = 0.15*12.40= $1.86
Sale price = Regular price - Discount
Sale price = 12.40 -1.86 = $10.54
Answer: The sale price of tree lights after 15% discount is 10.54 dollars.