a folding chair regularly sells for $29.50. how much money is saved if the chair is bought at a 20% discount?

5.90 your welcome

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.20 * 29.50

To calculate the discount, you will need to multiply the regular price of the chair by the discount rate (expressed as a decimal). Then, subtract that discount amount from the regular price to find out how much money is saved.

Step 1: Calculate the discount amount.
Discount rate = 20% = 0.20 (since 20% = 20/100 = 0.20)

Discount = Regular price x Discount rate
Discount = $29.50 x 0.20
Discount = $5.90

Step 2: Calculate the money saved.
Money Saved = Regular price - Discount
Money Saved = $29.50 - $5.90
Money Saved = $23.60

Therefore, if the chair is bought at a 20% discount, $23.60 is saved.