Question

The downtown store on Street Car Lane has a green toaster for $103. The toaster price goes up 15% next week. How much money will you save if you buy the toaster today?

Answer 1

To calculate how much money you will save if you buy the toaster today before the price goes up, you need to find 15% of the current price and then subtract that amount from the original price.

Let's break it down step by step:

1. Calculate 15% of the current price: 15% of $103 = 0.15 * $103 = $15.45

2. Calculate the savings: Savings = Original price - 15% of the original price Savings = $103 - $15.45 = $87.55

So, if you buy the toaster today, you will save $87.55 when compared to purchasing it at the higher price after the increase.