The expression p - 0.15p represents the new price of the purchase after the 15% discount has been applied. To simplify this expression by combining like terms, we can factor out p:
p - 0.15p = p(1 - 0.15)
Simplifying the expression in parentheses, we get:
p(0.85)
Therefore, an equivalent expression that combines like terms is:
0.85p
This represents the new price of the purchase after the 15% discount has been applied.