Question 153277
Remember:
{{{OldPrice=OP}}}
{{{New Price=NP}}}
NP=OP-15%OP
{{{NP=OP(1-0.15)}}} -------------> {{{NP=OP(0.85)}}}
{{{cross(125000)147058.82/cross(0.85)=OP*cross(0.85)/cross(0.85)}}}
$147058.82=Old Price
Savings:
={{{(OP-NP)/OP}}}
={{{(147058.82-125000)/(147058.82)*100}}}
=15% -----------> you're savings (as stated anyway in the problem)
Thank you,
Jojo