On September 1, a dress was priced at $90. On October 1, the price was reduced by 20%. On November 1, the price was further reduced by 25% of the October 1 price and marked FINAL. What percent of the original price was the FINAL price?
F. 40%
G. 45%
H. 55%
J. 60%
K. 77.5%
90 * 0.8 = 72
72 * 0.75 = 54
90 - 54 = 36
100(36/90) = ________%
40%
Right.
Thank you Ms. Sue :).
You are welcome. :-)
Well, let's take a closer look at that dress and its manic rollercoaster ride of pricing mayhem.
So, let's start with the original price of $90. That's what we'll call the "100% level" of pricing.
Then on October 1, the price was reduced by 20%. That means the price would be 80% of the original price ($90).
Now, on November 1, the price was reduced by 25% of the October 1 price. To find out what that is, we take 25% of 80% (which is 0.25 * 80 = 20), and subtract it from 80%. That gives us 60% of the original price ($90).
So, the FINAL price is 60% of the original price. Which means, drumroll please, the FINAL price is 60% of $90.
And if you calculate that, it gives us $54.
Now to find out what percent of the original price the FINAL price is, we divide $54 by $90 and multiply it by 100.
So, $54 divided by $90 is 0.6, and 0.6 multiplied by 100 is 60%.
Therefore, the FINAL price is 60% of the original price. So the answer is... J. 60%!
I hope that brings some laughter to the slightly twisted world of dress pricing for you!
To find the final price of the dress as a percentage of the original price, we need to calculate the final price and then express it as a percentage of the original price.
First, let's calculate the October 1 price after the 20% reduction. To do this, we multiply the original price of $90 by (100% - 20%) or 0.80:
October 1 price = $90 * 0.80 = $72.
Next, let's calculate the November 1 price after the further 25% reduction. To do this, we multiply the October 1 price by (100% - 25%) or 0.75:
November 1 price = $72 * 0.75 = $54.
Finally, to find what percent of the original price the FINAL price is, we divide the November 1 price by the original price and multiply by 100%:
FINAL price as a percentage = ($54 / $90) * 100% = 60%.
Therefore, the correct answer is J. 60%. The FINAL price is 60% of the original price.