To calculate the amount Margaret saved on the phone that was originally priced at $219.99 with a 27% discount, you can use the following formula:
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Calculate the discount amount: \[ \text{Discount Amount} = \text{Original Price} \times \frac{\text{Discount Percentage}}{100} \]
Substituting the values: \[ \text{Discount Amount} = 219.99 \times \frac{27}{100} \approx 219.99 \times 0.27 \approx 59.3963 \]
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Round to two decimal places (cents): \[ \text{Discount Amount} \approx 59.40 \]
So, the amount Margaret saved is approximately $59.40.