Step-by-step explanation:
Given parameters:
Amount of discount on goods= 20%
Original price of the good = 700
Unknown:
Total amount he saved = ?
Solution:
The total amount he saved will be the value of the discount charged on the original price.
Amount of discount = Percentage discount x original price of goods
Amount of discount = [tex]\frac{20}{100}[/tex] x 700
Amount of discount = 140
The amount saved is 140
