Suppose that you are given that the sale price of an item is $54.32. This was after applying a store wide 10% discount and then a coupon discounting the item by 5%. Given this information, determine the original price of the sale item. Round your answer to the nearest cent.

The two discounts are applied one after the other, so the sale price is 90% × 95% = 85.5% of the original price. Divide $54.32 by 0.855 to get about $63.532. Rounded to the nearest cent, the original price is $63.53, choice C.

AI-written and checked against the verified answer.