A store offers a 15% discount on a jacket originally priced at $120, followed by an additional 10% off the discounted price. What is the final price? - Redraw
Final Price Guide: How a Double Discount Boosts Savings on a $120 Jacket
Final Price Guide: How a Double Discount Boosts Savings on a $120 Jacket
When shopping for seasonal jackets, savvy shoppers often look for clever discount strategies to maximize savings. One popular offer combines two sequential percentage discounts: a 15% first discount followed by an additional 10% off the already discounted price. In this article, we break down a real-world example showing how these back-to-back promotions reduce the final cost—and how shoppers can use this tactic to save even more.
Understanding the Context
Original Price: $120
This premium jacket is a favorite among seasonal buyers, commanding a steady retail price of $120. Whether you’re heading out in autumn or gearing up for winter, understanding how discounts stack can lead to significant savings.
First Discount: 15% Off
The store begins by offering a generous 15% discount on the original price. Here’s how the math works:
15% of $120 = $120 × 0.15 = $18
Discounted price after the first discount:
$120 – $18 = $102
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Key Insights
Second Discount: Additional 10% Off the Discounted Price
Next, customers receive an extra 10% off the already reduced $102. This secondary discount is applied to the new price, not the original $120:
10% of $102 = $102 × 0.10 = $10.20
Final discounted price:
$102 – $10.20 = $91.80
Final Price: $91.80
After applying both discounts sequentially, the end price of the jacket drops from $120 to $91.80—a total saving of $28.20, or roughly 23.5% off the original retail value.
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Why This Double Discount Matters for Consumers
Back-to-back percentage discounts are more powerful than they appear. Start with a higher percentage, then apply it to a lower base, resulting in compound savings. Retailers often use this approach because it creates the illusion of deep savings while maintaining profitability.
For shoppers, recognizing this structure helps in:
- Planning purchases around discount windows
- Maximizing savings on high-priced items like outerwear
- Comparing promotional offers across stores
Bottom Line
Understanding how percentage discounts stack is key to smart shopping. In this case, the jacket Originally at $120, after a 15% discount followed by an extra 10% off, the final price is just $91.80—a smart deal every jacket lover should calculate before buying.
Pro Tip: Always double-check how discounts apply—retailers may round minor figures, but for accurate savings, follow the math step by step!
Final Takeaway:
A 15% first discount plus 10% second brings a $120 jacket to just $91.80—saving nearly $28.20 in total. Stay savvy, and watch your savings grow with smart discount arithmetic.
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