Question

A store has clearance items that have been marked down by 50%. They are advertising an additional markdown of 25% off the clearance price. A cashmere sweater has an original price of $345, but is now a clearance item. What will the final price of the sweater be after all discounts are applied? Round your answer to the nearest cent.

Answer 1

129.37

Explanation:

First we must calculate the price of the sweater with the first discount applied. Since the discounted amount is 50%, the sweater will he half of the regular price or $172.50. Next we can calculate the amount of the second discount. This discount is applied to the first sale price, not the regular price.

Discount=(25/100)×$172.50=$43.13.

The total sale price is $172.50−$43.13=$129.37.

Remember, we do not add discounts together to get a final discount. If a product is marked down 50%, and another 50% discount is applied, the product is not free.

Answer 2

The final price of the sweater after all discounts are applied will be $129.38

Explanation

A cashmere sweater has an original price of $345

So, the clearance price after 50% marked down will be:
`345-(345*0.50)=345-172.5 = 172.5` dollar

Now, the additional markdown is 25% of the clearance price. So, the additional marked down amount
`= 172.5 *0.25 = 43.125` dollar

So, the final price of the sweater after all discounts are applied will be :
`(172.5-43.125) dollar = 129.375 dollar` = $ 129.38 (Rounding to the nearest cent)