Question

A store has clearance items that have been marked down by 50%. They are advertising an additional markdown of 25% off the clearance price. A cashmere sweater has an original price of $345, but is now a clearance item. What will the final price of the sweater be after all discounts are applied? Round your answer to the nearest cent.

Answer 1

The final price of the sweater after all discounts are applied will be $129.38

Explanation

A cashmere sweater has an original price of $345

So, the clearance price after 50% marked down will be: $345-(345*0.50)=345-172.5 = 172.5$ dollar

Now, the additional markdown is 25% of the clearance price. So, the additional marked down amount $= 172.5 *0.25 = 43.125$ dollar

So, the final price of the sweater after all discounts are applied will be : $(172.5-43.125) dollar = 129.375 dollar$ = $ 129.38  (Rounding to the nearest cent)