A skateboard is on sale at a discount of 20%. Later the sale price is reduced by an additional 12.5%. The sale price after the two successive discounts is what percent of the original price?
The answer is 70 because first lets say the skateboard is 100 dollars. 80 percent of that is 80 dollars. Then 87.5 percent of 80 is 70. So the answer is 70 percent.