Question

A store has clearance items that have been marked down by 60%. They are having a sale, advertising an additional 15% off clearance items. What percent of the original price do you end up paying?

Answer 1

Answer: 34%

Explanation:

Given

Price is marked down by 60% with an additional discount of 15% on the marked down price

Suppose x is the original price of the item

After marking down, it is

`\Rightarrow x-x* 0.6=0.4x`

after additional discount it is

`\Rightarrow 0.4x(1-0.15)=0.4x* 0.85=0.34x`

Effective discount on the item is

`\Rightarrow (x-0.34x)/(x)* 100=66\%`

Thus, a person is paying
`100-66=34\%` of the original price