Question

Fernando has been saving money to buy an e–book reader. A store has just marked down the price of its readers by 40%. Each reader comes with a mail-in rebate for $25.

If the reader used to cost $150, what will Fernando's final price be after the markdown and rebate?

Complete each step to solve the problem.

1. How much money will Fernando save because of the 40% markdown? Show your work. (3 points)

Answer 1

Fernando saved $85

Explanation:

1. 150*(1-40%)=90

2. 90-25=65

3. 150-65=85

4. (double checking) 85+65=150