To find out how much Pete saved by buying the CDs on sale, we first need to calculate the normal price of the 4 CDs and then compare it to the sale price.
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Calculate the normal price for 4 CDs: The normal price of one CD is $6.98. Thus, for 4 CDs, the normal cost would be: \[ \text{Normal price} = 4 \times 6.98 = 27.92 \]
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Calculate the sale price for 4 CDs: The sale price is 2 CDs for $12.50. Therefore, for 4 CDs (which is 2 pairs), the sale cost is: \[ \text{Sale price} = 2 \times 12.50 = 25.00 \]
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Calculate the savings: The savings can be calculated by subtracting the sale price from the normal price: \[ \text{Savings} = \text{Normal price} - \text{Sale price} = 27.92 - 25.00 = 2.92 \]
Thus, Pete saved $2.92 by buying the 4 CDs on sale.