Answer:
The amount of money you saved by receiving a discount of 25% is $5.5
Step-by-step explanation:
Discount is the reduction in the price of goods or services offered by shopkeepers at the marked price. Selling price is the actual price at which an article is sold after any reduction or discounts in the cost price.
discount is always calculated on the cost price of the article
formula to calculate the discount and discount %
Discount = List Price - Selling Price
Discount (%) = (Discount/cost price) × 100
here, in the question discount % is given = 25%
cost price of the item = $22
therefore using the above mentioned discount percentage formula:
25 = (Discount/22)×100
25/100 = Discount/ 22
0.25 × 22 = Discount
$5.5 = Discount
thus ,
the amount of many you saved by receiving a discount of 25% is $5.5
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