Answer:
The amount of money saved will be $0.25
Step-by-step explanation:
Sand sells [tex]8\frac{1}{2}[/tex] cents per pound.
So, the cost of 100 pounds will be: [tex]8\frac{1}{2}*100=\frac{17}{2}*100 = 850[/tex] cents.
We know that, 1 dollar = 100 cents.
So, 850 cents [tex]=\frac{850}{100} dollar = \$8.50[/tex]
Thus, the amount of money saved by buying 100 pounds at $8.25 will be: [tex](\$8.50-\$8.25)= \$0.25[/tex]
The amount saved by buying 100 pounds at $8.25 is the change in price per pound and the discounted price, which is 0.25 cents
Price per pound = 8.50 cent
Calculating the cost per pound of of Sand at $100 for $8.25 :
100 = 8.25
1 = p
Cross multiply :
100p = 8.25
p = 8.25 / 100
p = $0.0825 = 0.0825 × 100 = 8.25 cent
The amount saved = 8.50 - 8.25 = 0.25 cent
Therefore, the amount saved by buying 100 pounds at $8.25 is 0.25 cent.
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