A store has clearance items that have been marked down by 40%. They are having a sale, advertising an additional 45% off clearance items. What percent of the original price do you end up paying?
Assume the original price before any discounts ==$100
100% - 40% ==60% first discount
$100 x 0.60 ==$60 - what you pay after first discount.
100% - 45% ==55% secound discount
$60 x 0.55 ==$33 - what you pay after the second discount
$33 / $100 ==33% - percentage you end up paying after the two discounts.
