Fernando has been saving money to buy an e–book reader. A store has just marked down the price of its readers by 40%. Each reader comes with a mail-in rebate for $25.

If the reader used to cost $150, what will Fernando's final price be after the markdown and rebate?

Complete each step to solve the problem.

1. How much money will Fernando save because of the 40% markdown? Show your work. (3 points)

2. The total amount off includes the markdown and rebate. What is the total amount off? (3 points)

3. What will the final price of the reader be? Show your work. (4 points)

Given that Fernando has been saving money to buy an e-book reader. A store has just marked down the price of its readers by 40%. Each reader comes with a mail-in rebate of $25.If the reader used to cost $150 and asked to find 1) Money saved by Fernando,2) The total amount off

3) Final price of the reader

The initial reader cost is $150

Price of the reader after markdown=$150 - 40% of $150

Price of the reader after markdown=$150 - $60

Price of the reader after markdown=$90

Cost after mail-in rebate is $90-$25 = $65

Therefore $40 is saved by Fernando, $85 is the amount off and $65 is the final reader price

Hence, 1) Money saved by Fernando because of the markdown by 40% is$60

2)The total amount off is $85

3)Final price of the reader is $65

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