A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount? Choose the correct choice from the following: A) $5.60 B) $7.20 C) $8.80 D) $9.60 E) $15.20
Cost price is $16. Lowest possible price is when max discount is applied.   So Discount of 40% first and then 25%.   Final price = 16 * (1-40/100) * (1- 25/100) = 16 * 60/100 * 75/100= 
<gadget id="calculator">16 * 60/100 * 75/100</gadget>
<output>36/5 = around 7.2</output>
7.2   Ans $7.20
<result>B</result>
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?