The original price of a commodity is 500 yuan. The first price reduction is 10%, and the second price reduction is 12%

The original price of a commodity is 500 yuan. The first price reduction is 10%, and the second price reduction is 12%

500 × (1-10%) × (1-12%) = 500 × 0.9 × 0.88 = 450 × 0.88 = 396 yuan; a: the current price is 396 yuan