A store is having a three-day sale. On the first day of the sale, the price of an item is reduced by 10% from its regular price. Each day of the sale after the first day, the price of each sale item is reduced to equal 90% of its price from the previous day.One sale item has an original price of $10.00.What is the price for the item on the 3rd day of the sale?

Day 1: $10.00 - 10% = $9.00

Day 2: $9.00 x 90% = $8.10
Day 3: $8.10 x 90% = $7.29

Therefore, the price for the item on the 3rd day of the sale is $7.29.