A vendor reduces an item listed at $140 on July 1st by 20%, and then reduces it another 25% on September 1st. What is the sale price of the good after the last reduction?
A. $77.00
B. $84.00
C. $92.00
D. $108.50
A
140(1-0.20)(1-0.25) = 84.00
thanks
To find the sale price of the item after the last reduction, we need to apply the two discounts successively.
First, let's calculate the price after the first reduction of 20%. To do this, we will subtract 20% of $140 from the original price of $140.
20% of $140 = 0.20 * $140 = $28
Price after first reduction = $140 - $28 = $112
Now, we need to apply the second reduction of 25% on the price of $112. Again, we will subtract 25% of $112 from the current price.
25% of $112 = 0.25 * $112 = $28
Price after second reduction = $112 - $28 = $84
Therefore, the sale price of the good after the last reduction is $84.
The correct answer is B. $84.00.