A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
-
A$5.60
-
B$7.20
-
C$8.80
-
D$9.60
-
E$15.20