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Exam IIA-CIA-Part2 All Questions

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Exam IIA-CIA-Part2 topic 2 question 8 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 8
Topic #: 2
[All IIA-CIA-Part2 Questions]

A retail sales company has discontinued a product that normally sold for $100. During the first month of a sale of the product, a 20 percent discount was given.
Later that sale price was reduced by an additional 40 percent. What was the overall discount from the original selling price?

  • A. 60 percent.
  • B. 52 percent.
  • C. 48 percent.
  • D. 30 percent.
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Suggested Answer: B 🗳️
by Brad626 at Nov. 1, 2020, 7:55 a.m.

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Sherber
Highly Voted 1 month, 2 weeks ago
Should it be worked as follows: First SP: $100*80%=$80 then Sec SP:$80*60%=$48 Overall reduction :$100-$48=52
upvoted 6 times
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Brad626
Most Recent 2 months, 2 weeks ago
This question and many others are also in Part 1. I am confused as to how the questions are classified as belonging to Part 1 and Part 2.
upvoted 1 times
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