Answer:
The price of item after successive discounts are 20% and 30% is $140.
Step-by-step explanation:
The marked price of item is $250.
Two successive discounts are 20% and 30%.
Price of item after discounts of 20% is
[tex]250-\frac{20}{100}(250)=250-50=200[/tex]
New price of item after first discount is $200.
Price of item after second discount, i.e., 30% is
[tex]200-\frac{30}{100}(200)=200-60=140 [/tex]
Therefore, the price of item after successive discounts are 20% and 30% is $140.
