An item selling for $1681 is marked down 10% for a special promotion. It is later marked down 40% of the sale price. Because it still hasn't been sold, it is marked down an additional 20%. What is the final selling price of the item?
A) $504.30
B) $726.19
C) $1611.00
D) $420.25

Question

Quizplus · Accepted Answer

First, we need to find the sale price after the first discount:

Sale Price after 10% discount = Original Price - (10/100) * Original Price
Sale Price after 10% discount = 1681 - (0.1 * 1681)
Sale Price after 10% discount = 1681 - 168.1
Sale Price after 10% discount = 1512.90

Next, we need to find the sale price after the second discount:

Sale Price after 40% discount = Sale Price after 10% discount - (40/100) * Sale Price after 10% discount
Sale Price after 40% discount = 1512.90 - (0.4 * 1512.90)
Sale Price after 40% discount = 1512.90 - 605.16
Sale Price after 40% discount = 907.74

Finally, we need to find the sale price after the third discount:

Sale Price after 20% discount = Sale Price after 40% discount - (20/100) * Sale Price after 40% discount
Sale Price after 20% discount = 907.74 - (0.2 * 907.74)
Sale Price after 20% discount = 907.74 - 181.55
Sale Price after 20% discount = 726.19

Therefore, the final selling price of the item is $726.19.

An Item Selling for $1681 Is Marked Down 10% for a Special