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 $.