Final answer:
The regular price of the item is $50 and the sale price is $30.
Step-by-step explanation:
To find the regular price of the item, we need to determine what 100% of the price would be. Since Jenna saves 40% on the regular price and that equals $20, we can set up an equation as follows:
x * 40/100 = 20
Simplifying the equation, we get:
x = 20 * 100/40 = $50
Therefore, the regular price of the item is $50. To find the sale price, we subtract the discount of $20 from the regular price:
$50 - $20 = $30
Therefore, the sale price of the item is $30.