The price of an item is discounted 3 percent on day 1 of a sale. On day 2, the item is discounted another 3 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) 85.1% B) 86.9% C) 87.3% D) 88.8% E) 89.5%
Let initial price be 100   Price in day 1 after 3% discount = 97   Price in day 2 after 3% discount = 94.09   Price in day 3 after 10% discount = 84.68   So, Price in day 3 as percentage of the sale price on day 1 will be = 84.68/97*100 =&gt; 87.3%   Answer will definitely be (87.3%)
<result>C</result>
The price of an item is discounted 3 percent on day 1 of a sale. On day 2, the item is discounted another 3 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?