Ms. smith saved $0.26 from the purchase
What is 5% discount?
5% discount means that 5% of the list price of $5.20 would be given off the price such that Ms Smith only pays 95% of the price of the items bought from Starbucks , bearing in mind that the initial price of $5.20 is 100% price amount, hence, by deducting a discount of 5%, we are left with a discounted price of 95%
Discounted price=(100%-discount rate)*initial price
discount rate=5%
initial price=$5.20
discounted price=(100%-5%)*$5.20
discounted price=95%*$5.20
discounted price=$4.94
savings=initial price-discounted price
savings=$5.20-$4.94
savings=$0.26
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Full question:
Miss Smith save 5% on her recent Starbucks order because she is a Starbucks Rewards member if the cost of per purchase before the discount was $5.20 how much did Miss smith save