Question

A monthly magazine charges $17.40 for a one-year subscription (12 issues). The same magazine sells on the newsstand for $2.00 a copy. How much do you save on each issue by buying a subscription?

Answer 1

You save $0.55 on each issue when you take a subscription.

Explanation:

The cost for 12 issues on a newsstand is:

`12 * $2 = $24`

Subtract the cost of the one-year subscription from the cost of buy 12 issues on the newsstand and divide by 12 (the number of issues) letting S = your Savings:

`S = ($24 - $17.40) / 12`

`S = $6.60 / 12`

`S = $0.55`

You save $0.55 on each issue when you take a subscription.