exam Maths Puzzle Numerical Ability

I need help in answering,what is [x+y4] for x =4 and y = 8 the answer I got was 3 is that right. the 4 belongs under the x+y

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[(2xy)3]4 A stero receiver selling for $445.50 is discounted (or marked down to) $401.95. What is the savings?