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Calouleting Consumer Discounts: Mastery Test\newlineSubrik Test\newlineSelect be cornect answer.\newlineSavings\newline= price\newline×\times discount percentage\newlineHow much will you save It you buy an bem lsatd at\newline$7550\$7550 at a\newline25%25\% dscount?\newlineA. $1888\$1888\newlineB. $9500\$9500\newlineC. $5652\$5652

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Q. Calouleting Consumer Discounts: Mastery Test\newlineSubrik Test\newlineSelect be cornect answer.\newlineSavings\newline= price\newline×\times discount percentage\newlineHow much will you save It you buy an bem lsatd at\newline$7550\$7550 at a\newline25%25\% dscount?\newlineA. $1888\$1888\newlineB. $9500\$9500\newlineC. $5652\$5652
  1. Understand Formula: Understand the formula for calculating savings.\newlineThe formula given is Savings=price×discount percentage\text{Savings} = \text{price} \times \text{discount percentage}. This means that to find the savings, we multiply the original price of the item by the discount percentage.
  2. Convert to Decimal: Convert the discount percentage to a decimal.\newlineA 25%25\% discount means that the discount percentage in decimal form is 0.250.25 (since 25%=25100=0.2525\% = \frac{25}{100} = 0.25).
  3. Calculate Savings: Calculate the savings using the formula.\newlineUsing the formula from Step 11, we multiply the price of the item (7550)bythediscountpercentage(7550) by the discount percentage (00.2525).\newlineSavings = $\(7550\) \times \(0\).\(25\)
  4. Perform Multiplication: Perform the multiplication to find the savings.\(\newline\)Savings = \(\$7550 \times 0.25 = \$1887.50\)
  5. Check Answer Choices: Check the answer choices to find the closest value to our calculated savings. The closest value to \(\$1887.50\) is \(\$1888\), which is option \(A\).

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