An item is marked at $250 and has two successive discounts of 20% and 10%. What

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Question: An item is marked at $250 and has two successive discounts of 20% and 10%. What is the final selling price?

Options:

Correct Answer: $215

Solution:

First discount: 250 - (20/100 * 250) = 250 - 50 = $200. Second discount: 200 - (10/100 * 200) = 200 - 20 = $180.

An item is marked at $250 and has two successive discounts of 20% and 10%. What is the final selling price?

An item is marked at $250 and has two successive discounts of 20% and 10%. What is the final selling price?

Step 1: Start with the marked price of the item, which is $250.
Step 2: Calculate the first discount of 20%. To do this, multiply 250 by 20/100, which equals $50.
Step 3: Subtract the first discount from the marked price. So, $250 - $50 = $200.
Step 4: Now, take the new price of $200 and calculate the second discount of 10%. Multiply 200 by 10/100, which equals $20.
Step 5: Subtract the second discount from the new price. So, $200 - $20 = $180.
Step 6: The final selling price after both discounts is $180.

Percentage Calculation – Understanding how to calculate percentages and apply them to a base amount.
Successive Discounts – Applying multiple discounts sequentially rather than cumulatively on the original price.