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percent calculation part example 11

problem:

Price $ 720,- first reduction by 10% , second reduction by 20%
What is the reduced price?

 
 

first reduction by 10% 

1. step: given/wanted
 
given: the base value = $ 720,-  the rate = 90%  (100% – 10%) 
wanted: part (new price)
 
2. step formula: 
 

formula: 

part = base * rate : 100

part = 720 * 90 : 100

part = 648 $

 
Price after first reduction 648 $.

 

second reduction by 20%:
 
1. step: given/wanted
 
given: the base value = $ 648,-  the rate = 80%  (100% – 20%) 
wanted: part (new price)
 
2. step formula: 

formula: 

part = base * rate : 100 

part = 648 * 80 : 100 

part = 518.40 $

 
The new price is 518.40 $.