Question

The selling price of an item is $600. After 6 months of not selling, it is marked down by 30% . After another 6 months of not selling , it is further marked down by 20% . Find the sale price after both markdowns

Answer 1

The sale price after both markdowns will be $336

Step-by-step explanation

The selling price of an item is $600. After 6 months of not selling, it is marked down by 30%

So, the marked down amount after 6 months
`=\$ 600*0.30= \$180`

and the selling price after first 6 months will be:
`\$600-\$180=\$420`

After another 6 months of not selling , it is further marked down by 20%. So, the marked down amount now
`= \$420*0.20=\$84`

Thus, the final selling price after all markdowns
`=\$420-\$84=\$336`