The first step is to rewrite the percentages into decimals so they can be added or subtracted easier. To turn a percentage into a decimal, remove the percent sign and move the decimal two spaces to the left (in other words, divide the number by 100).
12% becomes -0.12
8% becomes 0.08
Now, let's solve.
79.99 - 0.12 + 0.08
Evaluating 79.99 - 0.12, the equation becomes 79.87 + 0.08.
Evaluating 79.87 + 0.08, we get the final answer, 79.95.
