Carcass wrote:
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
A. $5.60
B. $7.20
C. $8.80
D. $9.60
E. $15.20
To get the LOWEST possible price (after the two discounts), we must apply the biggest discount (which is a 40% discount)
So, AFTER the 40% discount, customers will pay 60% of the original price.
60% of $16 = (0.6)($16) = $9.60
So, the discounted price is
$9.60 AFTER the additional 25% discount, customers will pay 75% of the original price.
75% of
$9.60 = (0.75)(
$9.60) = $7.20
Answer: B
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Brent Hanneson - founder of Greenlight Test Prep