A bag was originally priced at $500. A week after, the price was reduced by 5%. Since the bag was still not sold, the selling price was reduced by 4% a month after. How much was the total reduction from the original selling price?
The original price of the bag was reduced by $500 x 5/100 = $
<gadget id="calculator">500*5/100</gadget>
<output>25</output>
25.
So its selling price after a week was $500 - $25 = $
<gadget id="calculator">500-25</gadget>
<output>475</output>
475.
The price of the bag was again reduced by $475 x 4/100 = $
<gadget id="calculator">475*4/100</gadget>
<output>19</output>
19.
So, its selling price now is $475 - $19 = $
<gadget id="calculator">475-19</gadget>
<output>456</output>
456.
Therefore, the total reduction from the selling price is $500 - $456 = $
<gadget id="calculator">500-456</gadget>
<output>44</output>
44.

<result>44</result>