Question

The price of a $250 item after successive discounts of 20% and
30% is?

Answer 1

The price of item after successive discounts are 20% and 30% is $140.

Explanation:

The marked price of item is $250.

Two successive discounts are 20% and 30%.

Price of item after discounts of 20% is

`250-(20)/(100)(250)=250-50=200`

New price of item after first discount is $200.

Price of item after second discount, i.e., 30% is

`200-(30)/(100)(200)=200-60=140`

Therefore, the price of item after successive discounts are 20% and 30% is $140.