A product originally costs $125. If the product goes on sale for 20% off and then goes on sale for an additional 30% off, what is the price of the product?

A product originally costs $125. If the product goes on sale for 20% off and then goes on sale for an additional 30% off, what is the price of the product?

Detailed Explanation

To calculate the final price of the product after two successive discounts, we can apply the following steps:

Calculate the first discount: 20% of 125.

First discount = 20/100 * 125 = 25

Subtract the first discount from the original price: 125 - 25 = 100

Calculate the second discount: 30% of 100.

Second discount = 30/100 * 100 = 30

Subtract the second discount from the price after the first discount: 100 - 30 = 70

Calculate the first discount: 20% of 125.

First discount = 20/100 * 125 = 25

Subtract the first discount from the original price: 125 - 25 = 100

Calculate the second discount: 30% of 100.

Second discount = 30/100 * 100 = 30

Subtract the second discount from the price after the first discount: 100 - 30 = 70