Question

An $80.00 coat is marked down 20%. It does not sell, so the shop owner marks it down an additional 15%. What is the new price of the coat in dollars?

Answer 1

$54.40

Explanation:

First, find the new price after the 20% markdown:

80(0.8)

= 64

Then, find the price with the 15% markdown:

64(0.85)

= 54.4

So, the new price of the coat is $54.40