Question

The selling price of an item is $520. After 6 months of not selling, it is marked down by 20%. After another another 6 months of not selling, it is further marked down by 30%. Find the sale price after both markdowns. Could you just tell me the steps and maybe give an example to this? Thank you.

Answer 1

To find the sale price after both markdowns, first apply a 20% markdown to the selling price and then apply a 30% markdown to the resulting price.

Step-by-step explanation:

To find the sale price after both markdowns, first apply the first markdown of 20%. To do this, multiply the selling price by 0.80 (1 - 0.20), since a 20% markdown is equivalent to selling at 80% of the original price. So, the price after the first markdown is $520 x 0.80 = $416.

Next, apply the second markdown of 30% to the price after the first markdown. Multiply $416 by 0.70 (1 - 0.30) to find the final sale price. $416 x 0.70 = $291.20.

Therefore, the sale price after both markdowns is $291.20.

Answer 2

if y is orginal price and its decreased by 20 percent , first you have to find 20% of y, which is (20/100 × y) and you will subtract this from the original price to get the decreased price of the item. so finak formula becomes y - (20/100 × y) , you can use any percent , 20 percent is just an example...