#12. You are a salesperson of the Elite Shoppe. A customer likes a jacket presently priced at $315. The store is discounting all winter apparel by 25%. The customer decided to wait for the store's 75% off annual summer sale, hoping no one else would buy it. What was its price after the two discounts, excluding tax?

Question

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A
$0

B
$50.06

C
$59.06

D
$215

E
$236.25

Answer 1

To find the final price of the jacket after applying both discounts, we will perform the calculations step by step.

1. Initial Price: $315

2. First Discount (25%):

   • Discount amount: \( 315 \times 0.25 = 78.75 \)
   • Price after first discount: \( 315 - 78.75 = 236.25 \)

3. Second Discount (75%) on the discounted price:

   • Discount amount on new price: \( 236.25 \times 0.75 = 177.1875 \)
   • Price after second discount: \( 236.25 - 177.1875 = 59.0625 \)

Rounding this to two decimal places, we have:

Final Price: $59.06

So the final answer is C. $59.06.