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A merchant was selling an item at a certain price, then marked it down 20% for spring sale. During the summer, he marked the item down another 20% from its spring price. If the item was sold at the summer price, what percent of the original price did it sell for?

Correct Answer: 64%
Let the original price of the item was Tk. 100 Discount offered for spring sale = 20% Therefore, the selling price of the item in the spring = 100 - 20 = 80 tk The merchant gives another 20% discount on this for summer season Therefore, the selling price in the summer season = 80 - 80 × 20/100                                                                                     = 80 - 16 = 64 tk Now, selling price/Original price = 64/100 = 64% Therefore, the selling price is 64% of the original price.

A merchant was selling an item at a price then marked it down 20% for a spring sale. During the summer, he marked the item down another 20% from its spring price. If the item sold at the summer price, What percent of the orginal price di it sell for?

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