Answer:
Amount of money saved = $18.87
Explanation:
List Price of the item which is bought = $75.50
Now, This item is on discount.
Discount rate offered by the seller on the item = 25%
Discounted Price of the Item = List Price - 25% of List price
⇒ Discounted Price = 75.50 - 25% of 75.50
⇒ Discounted Price = 75.50 - 0.25 × 75.50
⇒ Discounted Price = 75.50 - 18.875
⇒ Discounted Price = $56.63
Now, Amount of money saved = List price - Discounted price
⇒ Amount saved = 75.50 - 56.63
Hence, Amount of money saved = $18.87