The price of the product was reduced, first by 8%, and then the new price

The price of the product was reduced, first by 8%, and then the new price by another 4 times. How much% did the original price of the product decrease?

Let’s say that the item was originally priced at 100%.

In this case, after its price was reduced by 8%, the cost was:

100% – 8% = 92%.

We accept the new price equal to 100%.

Since the price was reduced by another 4 times, then its value from the previous one was:

100% / 4 = 25%.

It follows from this that in relation to the initial price, the final one was:

25% * 92% / 100% = 2300/100 = 23%.

Thus, the total cost has decreased by:

100% – 23% = 77%.

Answer: The original price is down 77%.