Question

At your local store, you are given a coupon for 20% off any store item purchased on Monday. When you return to your store, you notice that an item (normal price = $50) is on clearance for 40% off. You are allowed to use the coupon on the clearance item. How much should you pay for the item? Should it be 60% off of the normal price?

Answer 1

$24

no, it is 48% off normal price

Explanation:

clearance price = normal price - value of the 40% discount

value of the 40% discount = 0.4 x $50 = $20

Price = $50 - $20 = $30

final price = clearance price - value of 20% coupon

value of 20% coupon = 0.2 x $30 = $6

final price = $30 = $6 = $24

total value off normal price = $24 /$50 x 100 = 48%