Tom wants to buy a boot that's at a 40% discount but he waits until another 50% discount is added onto it. The boot costs $490 less with the discounts, how much did the boot initially cost?
x * .4 = amount OFF
x * . 6 = price after 40% off
x * .6 = price after 40% off
x * .6 * .5 + x * .4 = 490
.3 x + .4x = 490 x = 700 dollars original price