Related to the Economics in Practice on page 302: A television at a local electronics store has a marked retail price of $1,000. This television has been advertised at 40 percent off the retail price. The store is also having a promotion of an additional 50 percent off all sale-priced televisions. Based on these stackable discounts, what is the actual selling price of this television?
A) $100
B) $300
C) $350
D) $600

Question

Quizplus · Accepted Answer

First, the television is discounted by 40%, reducing its price to $600 ($1000 - 40% of $1000). Then, an additional 50% discount is applied to the sale price of $600, further reducing the price by $300 (50% of $600). Therefore, the final selling price is $300 ($600 - $300).

Related to the Economics in Practice on Page 302: a Television