A retail sales company has discontinued a product that normally sold for $100. During the first month of a sale of the product, a 20 percent discount was given.
Later that sale price was reduced by an additional 40 percent. What was the overall discount from the original selling price?
To determine the overall discount, start by calculating the price after each discount. Initially, the product has a 20% discount on its $100 price, which makes it $80. Then, a further 40% discount is applied to the $80 price, resulting in a price of $48. Thus, the overall reduction from the original price of $100 to the final price of $48 is $52, which is a 52% discount. Therefore, the overall discount from the original selling price is 52 percent.
Should it be worked as follows: First SP: $100*80%=$80 then Sec SP:$80*60%=$48 Overall reduction :$100-$48=52
This question and many others are also in Part 1. I am confused as to how the questions are classified as belonging to Part 1 and Part 2.