Original price of the item = $80
Sale off percentage = 20%
Hence off value is [tex]\frac{20}{100}\times80=16[/tex]
Price after off becomes [tex]80-16=64[/tex]
Tax money to be paid = 3% on 64
[tex]\frac{3}{100}\times64=1.92[/tex]
Hence after tax price becomes = [tex]64+1.92=65.92[/tex]
Now, money saved is = [tex]80-65.92=14.08[/tex]
= $14.08
