Problem: the price of an item is discounted 10 percent on day 1 of a sale . on day 2 , the item is discounted another 20 percent , and on day 3 , it is discounted an additional 40 percent . the price of the item on day 3 is what percentage of the sale price on day 1 ?
Rationale: let initial price be 1000 price in day 1 after 10 % discount = 900 price in day 2 after 20 % discount = 720 price in day 3 after 40 % discount = 432 so , price in day 3 as percentage of the sale price on day 1 will be = 432 / 900 * 100 = > 48 % answer will definitely be ( b )
annotated_formula: add(multiply(divide(divide(40, const_100), subtract(1, divide(1, 10))), const_100), 2)