SOLUTION: A television's price was discounted 40% and then slashed another 40% during a liquidation sale. By what percent has the original price been reduced?

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Question 339144: A television's price was discounted 40% and then slashed another 40% during a liquidation sale. By what percent has the original price been reduced?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Originally the price was P.
After the first discount the price was P-%2840%2F100%29P=0.6P
After the second discount, the price was 0.6P-%2840%2F100%29%2860%2F100%29P=0.6P-0.24P=0.36P
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You are now paying 36% of the original price so the price has been reduced 64%.