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?
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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
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