SOLUTION: A merchant was selling an item at a certain price, and then markes it down 20% for a spring sale. During the summer, he marked the item down another 20% from its spring price. If t

Question 876578: A merchant was selling an item at a certain price, and then markes it down 20% for a spring sale. During the summer, he marked the item down another 20% from its spring price. If the item sold at the summer price, what percent of the original price did it sell for?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the original price
= price after 1st markdown

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The item sold at 64% of the original price
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