An Item Selling for $633 Is Marked Down 25% for a Special

question 78

Multiple Choice

An item selling for $633 is marked down 25% for a special promotion. It is later marked down 20% of the sale price. What is the final selling price of the item?

• A) $791.25
• B) $379.80
• C) $348.15
• D) $588.00

---

Definitions:

Third-Party Intervention

The involvement of an external entity in resolving disputes or conflicts between other parties, aiming to facilitate a negotiated solution.

Mediator

A neutral third party who facilitates a negotiated solution by using reasoning, persuasion, and suggestions for alternatives.

Arbitrator

A neutral third party tasked with making a decision in a dispute between two or more parties.

Third-Party Intervention

A process in which an external individual or entity gets involved in a conflict or negotiation to assist the parties in reaching a resolution, often used in mediation and dispute resolution contexts.