An item costs $1864 and is marked down twice due to sales. The first markdown rate is 10% and the second markdown rate is 20%. What is the final selling price?
A) $1304.80
B) $932.00
C) $1834.00
D) $1342.08

Question

Quizplus · Accepted Answer

The first markdown is 10%, so the item is now:
1864 - (0.10 x 1864) = 1677.60
The second markdown is 20%, so the item is now:
1677.60 - (0.20 x 1677.60) = 1342.08
Therefore, the final selling price is $1342.08.

An Item Costs $1864 and Is Marked Down Twice Due