The price of an item is discounted 10 percent on day 1 of a sale.
The price of an item is discounted 10 percent on day 1 of a sale. On day 2, the item is discounted another 15 percent, and on day 3, it is discounted an additional 20 percent. The price of the item on day 3 is what percentage of the sale price on day 1?
Answer/Solution
68%
Steps/Work
Let initial price be 1000
Price in day 1 after 10% discount = 900
Price in day 2 after 15% discount = 765
Price in day 3 after 20% discount = 612
So, Price in day 3 as percentage of the sale price on day 1 will be = 612/900*100 => 68%
Answer will definitely be (C)
Price in day 1 after 10% discount = 900
Price in day 2 after 15% discount = 765
Price in day 3 after 20% discount = 612
So, Price in day 3 as percentage of the sale price on day 1 will be = 612/900*100 => 68%
Answer will definitely be (C)