The price of an item is discounted 5 percent on day 1 of a sale. On day 2, the item is discounted another 5 percent, and on day 3, it is discounted an additional 10 percent. The price of the item on day 3 is what percentage of the sale price on day 1?
Choose one:
A) 80%	B) 82.5%	C) 83%	D) 84%	E) 85.5%
Let initial price be 100   Price in day 1 after 5% discount = 95   Price in day 2 after 5% discount = 90.25   Price in day 3 after 10% discount = 81.23   So, Price in day 3 as percentage of the sale price on day 1 will be = 81.23/95*100 =&gt; 85.5%   Answer will definitely be (85.5%)
<result>E</result>
The price of an item is discounted 5 percent on day 1 of a sale. On day 2, the item is discounted another 5 percent, and on day 3, it is discounted an additional 10 percent. The price of the item on day 3 is what percentage of the sale price on day 1?