Final answer:
To estimate the sale price, multiply the regular price by the discount percentage, then subtract the discount amount from the regular price.
Step-by-step explanation:
To estimate the sale price, we need to find the amount of the discount and subtract it from the regular price.
The discount percentage is 33(1)/(3)%, which can be written as a decimal as 0.33(1)/(3). To find the amount of the discount, multiply the regular price ($23.95) by the discount decimal: $23.95 * 0.33(1)/(3) = $7.9833.
To estimate the sale price, subtract the discount amount from the regular price: $23.95 - $7.9833 = $15.9667. Rounding to the nearest cent, the estimated sale price is $15.97.