Michael works in an electronics store. The manager tells Michael he wants to take 20% off a $495.00 television. If the television does not sell, the manager will again reduce the sale price by 25%. Michael tells the manager to reduce the original price by 45% because the sale price would be the same. Is Michael correct?
No, Michael is incorrect......the second 25% is taken off of the reduced price....not the original price:
Manager's way: 495 - 20% = 396 396 - 25% = $ 297
Michael's way 495 - 45% = $ 272.25