We have an original price of $129.50.
Then, the price is discounted 40%. After that, the price is discounted 60%.
We can think of this discount in steps:
1) the first discount of 40% means that the new price is 100%-40% = 60% of the original price:

2) The second discount of 60% means that the new price is 100%-60% = 40% of the already discounted price:

Then, the final price after the two discounts is 24% of the original price:

Answer: The drone is not free. The final price of the drone is $31.08.