A DVD player with a list price of $100 is marked down 30%. If John gets an employee discount of 20% off the sale price, how much does John pay for the DVD player?
The correct answer is: E. $56.00
How to get to this answer: 100(0.70) = 70 is the amount that would be paid if the DVD was marked down 30%, but there is another discount of 20%, so the price is going to be 80% of the marked-down price. The price will be 70(0.80) = 56.