The price of a book was $400. If the book's price is decreased by 15% and then increased by 40%, what is the final price of the book?
Thoughts? Step-by-step reasoning:
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When the price of the book is decreased by 15%, the total price decrease is 15 / 100 * $400 = $60. The new price of the book becomes $400 - $60 = $340. The price of the book is then increased by 40 / 100 * 340 = $136. The final price of the book is $340 + $136 = $476.
Thus, the answer is 476.
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