A price of 400 is decreased by 20% and the new price is then reduced by 25%. What is the final price?
Answer and explanation
Correct answer: A. 240
- Step 1: After the first change the price is 400 x 0.8 = 320.
- Step 2: After the 25% reduction it is 320 x 0.75 = 240.
Answer
240.
Why not the others: 220 adds and subtracts the percentages directly, but the second change applies to the new price; the other values apply only one of the changes.
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