SOLUTION: A local clothing boutique is selling a suit for $99. Because of changing styles, the first markdown was 8% and the second markdown was 25%. The suit still didn't sell, so a final m

Question 1129597: A local clothing boutique is selling a suit for $99. Because of changing styles, the first markdown was 8% and the second markdown was 25%. The suit still didn't sell, so a final markdown of 10% was taken.
What's the current sale price?
A. $86.31
B. $61.48
C. $61.84
D. $68.31
Need steps please
Found 2 solutions by MathLover1, greenestamps:
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!

if selling a suit for $ and markdown was % =
new price was $
and, if the second markdown was %=
ew price was $

if a final markdown of %= was taken,
$ round it to two decimal places:
and answer is:
B. $

Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!

Finding the final sales price by finding the amount of each discount and subtracting three times is VERY inefficient for a problem like this.

When the price is marked down 8%, the original price gets multiplied by 92%, or 0.92. Similarly, markdowns of 25% and then 10% multiply the price by 0.75 and 0.90.

So after all three markdowns the final price is

or $61.48, answer B.
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