document.write( "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? \n" ); document.write( "

Algebra.Com's Answer #528870 by josmiceli(19441) $\"\"$ $\"About$

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Let $\"+p+\"$ = the original price
\n" ); document.write( " $\"+p+-+.2p+=+.8p+\"$ = price after 1st markdown
\n" ); document.write( " $\"+.8p+-+.2%2A%28+.8p+%29+=+.8p+-+.16p+\"$
\n" ); document.write( " $\"+.8p+-+.16p+=+.64p+\"$
\n" ); document.write( "----------------------
\n" ); document.write( "The item sold at 64% of the original price \n" ); document.write( "

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