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?
Let's be accurate as possible and think first.
44
The original price of the bag was reduced by $500 x 5 / 100 = $25.

So its selling price after a week was $500 - $25 = $475.

The price of the bag was again reduced by $475 x 4 / 100 = $19.

So, its selling price now is $475 - $19 = $456.

Therefore, the total reduction from the selling price is $500 - $456 = $44.

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The answer: 44