An item is originally priced to sell for $55 and is marked down 20%. A customer has a coupon for an additional 40%. What is the total percent reduction for this item? Give the net decimal equivalent and total percent reduction.
A) 0.52; 48%
B) 0.6; 40%
C) 0.4; 60%
D) 0.48; 52%

Question

Quizplus · Accepted Answer

First, we need to find the price after the initial 20% discount:

$55 - (20% of $55) =$55 - $11 = $44

Then, we apply the additional 40% discount from the coupon:

$44 - (40% of $44) = $44 - $17.60 = $26.40

The total percent reduction is:

(1-($26.40/$55)) x 100% = 52%

And the net decimal equivalent is:

$26.40/$55 = 0.48

An Item Is Originally Priced to Sell for $55 and Is