The selling price of an item is 600$. After 6 months of not selling, it is marked down by 30%. After another 6 months of not selling, it is further marked down by 20%. Find the sale price after both markdowns
The sale price after both markdowns is $336.
To find the sale price after both markdowns, we need to calculate the selling price after each markdown and then subtract the markdown amount from the selling price.
1. Start with the selling price of $600.
2. After the first markdown of 30%, we need to find the selling price:
Selling price after the first markdown = $600 - (30% of $600)
= $600 - ($600 * 0.30)
= $600 - $180
= $420.
So, the selling price after the first markdown is $420.
3. Now, after the second markdown of 20%, we need to find the selling price:
Selling price after the second markdown = $420 - (20% of $420)
= $420 - ($420 * 0.20)
= $420 - $84
= $336.
Therefore, the selling price after both markdowns is $336.
To find the sale price after both markdowns, we need to calculate each markdown separately and then subtract them from the original selling price.
First, we will calculate the first markdown of 30% off the original selling price.
30% of $600 = $600 * 0.30 = $180
Now, we subtract the first markdown from the selling price to get the price after the first markdown:
$600 - $180 = $420
Next, we will calculate the second markdown of 20% off the price after the first markdown.
20% of $420 = $420 * 0.20 = $84
Finally, we subtract the second markdown from the price after the first markdown to get the sale price after both markdowns:
$420 - $84 = $336
Therefore, the sale price after both markdowns is $336.