Question

During a clearance sale at a sporting goods store, skateboards were marked down 30%. On Saturday, an additional 25% was taken off the already reduced prices of the skateboards. If a skateboard originally cost $119.50, what was the final price after all discounts? Round to the nearest cent.

Answer 1

$62.74

Explanation:

You want the final cost of a $119.50 skateboard after it was marked down 30% and an additional 25% was taken off the reduced price.

Reduction

Each reduction by a percentage p will cause the price to be multiplied by (1 -p). The two reductions multiply the price like this:

119.50 × (1 -0.30) × (1 -0.25) ≈ 62.74

The final price after all discounts was $62.74.

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