Math Problem Statement

A store buys a watch for $75 and marks it up by 40%. During a clearance sale, the price of the watch is reduced by 25%.

What is the final sale price of the watch?

Solution

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Math Problem Analysis

Mathematical Concepts

Percentages
Markup and Discount Calculations

Formulas

Markup = Cost Price × Markup Percentage
New Price = Cost Price + Markup
Discount = Marked Price × Discount Percentage
Final Price = Marked Price - Discount

Theorems

Percentage Calculations

Suitable Grade Level

Grades 6-8