In: Statistics and Probability
A dress is marked down 15%, and then it is marked down 25% from the discounted price. By what percent is the dress marked down from the original price after both discounts? Show all work. Why is the discount not equal to 40% off of the original price?
(a)
Let
the Original Price = x
First Discount = 15%
So,
First Discount Amount = x * 15/100 = 0.15 x
So,
Price of the dress after First Discount = x - 0.15 x = 0.85 x
Second Discount = 25%
So,
Second Discount Amount = (0.85 x) * 0.25/100 = (0.85 X 0.25) x = 0.2125 x
So,
Price of the dress after both discounts = 0.85x - 0.2125 x
= (0.85 - 0.2125) x
= 0.6375x
Thus,
Original Price = x
Amount marked down from the original price after both discounts = x - 0.6375 x = 0.3625 x
So,
Percentage of reduction = 0.3625 X 100 = 36.25 %
Thus, Answer is:
The dress is marked down from the original price after both discounts by 36.25%
(b)
The discount is not equal to 40% off of the original price because even though the First Discount of 15% is from Original Price, the Second Discount of 25% is not from the Original Price but from the actually reduced price after First Discount.