Question: A store increases the price of a product by 20% and then offers a 10% discount on the new price. If the original price is $50, what is the final price after the discount?
Options:
Correct Answer: $54
Solution:
New price after 20% increase = 50 + 10 = 60. Discount = 10% of 60 = 6. Final price = 60 - 6 = $54.