Answer:
The answer is: $ 5.6
Step-by-step explanation:
On Monday, Jeff bought a shirt with a 40% = 0.4 discount. The regular price of $ 16.00, excluding taxes.
He paid for the shirt without taxes: $ 16.00 - ($ 16.00 x 0.4) = 16.00 - 6.4 = $ 9.6
The next day, the shirt Jeff bought was reduced to 75% = 0.75 of his regular price.
The next day the shirt would cost without taxes: $ 16.00 - ($ 16.00 x 0.75) = 16.00 - 12 = $ 4
How much would Jeff have saved, If what he paid we subtracted what the shirt would cost the next day the result would be: $ 9.6 - $ 4 = $ 5.6
The answer is: $ 5.6