SOLUTION: Lucy bought a knife set for $500.00 after getting a 10% discount. How much money did Lucy save?

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Question 238344: Lucy bought a knife set for $500.00 after getting a 10% discount. How much money did Lucy save?
Answer by josmiceli(6797) About Me  (Show Source):
You can put this solution on YOUR website!
Let x = the original price of the knife
given:
The discount = .1x
The discounted price = x+-+.1x
x+-+.1x+=+500 dollars
x%2A%281+-+.1%29+=+500
.9x+=+500
x+=+555.56
555.56+-+500+=+55.56
Lucy saved $55.56