During a clearance sale, a retailer discounted the original price of its TVs by \(25\%\) for the first two weeks of the

[VJesus12]

During a clearance sale, a retailer discounted the original price of its TVs by \(25\%\) for the first two weeks of the month, then for the remainder of the month further reduced the price by taking \(20\%\) off the sale price. For those who purchased TVs during the last week of the month, what percent of the original price did they have to pay?

A. \(40\%\)
B. \(45\%\)
C. \(55\%\)
D. \(60\%\)
E. \(62.5\%\)

Answer: D

Source: Veritas Prep

[Ian Stewart]

You can just imagine a TV costs $100. After the initial 25% discount, the TV costs $75, and if this new price is discounted by 20%, or by $15, the final price is $60, which is 60% of the original price.