Answers (work needs to be shown):

a) $200.60

b) 32%

Morgan's Department Store emailed out 15%-off coupons for its 20th Anniversary Sale. The coupons may be used for any products in the store. For items already on sale, the coupon applies to the sale price. mav be used for any products in the a. What price would a coupon holder pay for a duvet (regular price $295) already on sale at 20% off? b. What single rate of markdown would have the same effect as the two price reductions