Final answer:
The regular price of the laptop is $700, and the savings is $196.
Step-by-step explanation:
To find the regular price of the laptop, we can set up a proportion.
Let x be the regular price of the laptop.
Since the laptop is on sale for $504, we can set up the following proportion:
504 / 700 = x / 1
Using cross-multiplication, we can solve for x:
x = (504 * 700) / 1 = $352,800 / 1 = $700
The regular price of the laptop is $700.
To find the savings, subtract the sale price from the regular price:
$700 - $504 = $196
The savings is $196.