The price of an item is discounted 4 percent on day 1 of a sale. On day 2, the item is discounted another 4 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? Select:
A) 82.5%  B) 89.9%  C) 87.7%  D) 86.4%  E) 83.3%
Let initial price be 100   Price in day 1 after 4% discount = 96   Price in day 2 after 4% discount = 92.16   Price in day 3 after 10% discount = 82.94   So, Price in day 3 as percentage of the sale price on day 1 will be = 82.94/96*100 =&gt; 86.4%   Answer will definitely be (86.4%)
<result>D</result>
The price of an item is discounted 4 percent on day 1 of a sale. On day 2, the item is discounted another 4 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?