Indigo Depot is having a clearance sale of their fall items. A jacket that originally cost $70 before any discount is on sale for 20% off. If the jacket is then put on clearance for an additional 30% off the sale price, what is the final price? Round your answer to the nearest cent, if necessary.

The answer is 3,920 cents

Explanation:

First, let us calculate the discounted price of 20% off the original price:

original price = $70

discount on sale = 20%

∴ discount price = (20/100) * 70 = 0.2 * 70 = $14

∴ new price = 70 - 14 = $56

Next, we are told that for clearance sale, there was an additional 30% off the sale price, then the final price is;

sale price (discounted price) = $56

clearance discount = 30% = 0.3

clearance price = 0.3 * 56 = $16.8

∴ Final price = 56 - 16.8 = $39.2

Finally we will convert from dollars to cents

$1 = 100 cents

∴ $39.2 = 100 * 39.2 = 3,920 cents.