Question

The selling price of an item is $600. After 6 months of not selling, it is marked down by 30% . After another 6 months of not selling , it is further marked down by 20% . Find the sale price after both markdowns

Answer 1

The sale price after both markdowns will be $336

Explanation

The selling price of an item is $600. After 6 months of not selling, it is marked down by 30%

So, the marked down amount after 6 months $=\ 600*0.30= \ 180$

and the selling price after first 6 months will be: $\ 600-\ 180=\ 420$

After another 6 months of not selling , it is further marked down by 20%. So, the marked down amount now $= \ 420*0.20=\ 84$

Thus, the final selling price after all markdowns $=\ 420-\ 84=\ 336$