An item is originally priced to sell $80 and is marked down 40%. A customer has a coupon for an additonal 20%. What is the toal percent reduction and the final selling price?
If an item is marked down 40%, that means that it is now 60% of the original price.
Convert 60% to a decimal, which is 0.60. Now multiply $80 by 0.60. You get $48. The customer has a coupon for an additional 20% off, which means that it is now 80% of the current price. Take $48 and multiply it by 0.80 and you get $38.40.