One-eighth of a bookstore’s magazines are sold on a Friday. If \(\frac{\mathrm{1} }{\mathrm{4}}\) of the remaining magazines are sold the next day, what fractional part of the magazines remains at the end of the second day?

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One-eighth of a bookstore’s magazines are sold on a Friday. If \(\frac{\mathrm{1} }{\mathrm{4}}\) of the remaining magazines are sold the next day, what fractional part of the magazines remains at the end of the second day?