A toy store regularly sells all stock at a discount of 20% to 40%. If an additional 25% 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 answers:	A) $5.60	B) $7.20	C) $8.80	D) $9.60	E) $15.20
The lowest price would have to be calculated by finding the price of the $16 product after the initial 40% reduction, then the final price after 25% was taken off of the already-discounted price. So:   A 40% discount on a $16 product would = 60% of the original $16 price: $16 x .60 = $9.6   Next you have to find the price after an additional 25% had been discounted from the $9.6, which would be 75% of the $9.6: $9.6 x .75 = $7.20   The answer is $7.20
<result>B</result>
A toy store regularly sells all stock at a discount of 20% to 40%. If an additional 25% 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?