Question

A store has a 6% restocking fee. If you join the store’s membership program, all items over $100 will have a flat rate restocking fee of $5. How much money will a member save if they return an item costing $240?.

Answer 1

Saving means the amount of income that is not spent on a particular product.

The member of the store will save $5 if they return an item costing $240.

What is saving?

Saving is defined as the part of income not spent, or delayed consumption. Methods of saving, consider putting money set aside.

Example:

A deposit account, a pension account, an investment fund, or cash. Saving also refers to separating down expenditures, like recurring costs.

In the above situation, it is clearly mentioned that if any member would return the item which costs above $100, then he would save $5. So here the item which the member is returning is above $100 then, the member would save $5.

He would pay only $235 ($240-$5).

Therefore, the member will save $5, on returning the item.

To learn more about saving, refer to:

brainly.com/question/7965246