Question

The selling price of an item is ​$390. After 6 months of not​ selling, it is marked down by 10​%. After another 6 months of not​ selling, it is further marked down by 30​%. Find the sale price after both markdowns. Round to nearest dollar.

Answer 1

$246

Explanation:

The price of the product is $390, after 6 months the price is marked down by 10% which is $39 so the total will be $351. After another 6 months the price is marked down again by 30%, which is $105 and 3 cents ($105.3). For a total of $245 and 7 cents ($245.7). To round the number you only need to look at the number after the decimal which is 7 in this case. Any number bellow 5 counting 5 in it, will stay the same number, any number above 5 without counting 5 will be the next number. So $245.7 rounded to the nearest dollar will be $246.

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