The bracelet Lily would like to buy costs $5 less than 5 times the amount she has saved. The bracelet costs $30. How much money does Lily have saved?

Lily has saved $ 7

Solution:

Given that bracelet costs $30

The bracelet Lily would like to buy costs $5 less than 5 times the amount she has saved

Cost of bracelet = $ 30

From given statement,

Cost of bracelet = 5 times the amount she has saved - 5

Let "x" be the amount saved by lily

Cost of bracelet = 5 times x - 5

Here "times" represents multiplication

30 = 5 (x) - 5

30 = 5x - 5

30 + 5 = 5x

5x = 35

On dividing 35 by 5 we get 7

x = 7

Thus Lily saved $ 7