Fernando has been saving money to buy an e–book reader. A store has just marked down the price of its readers by 40%. Each reader comes with a mail-in rebate for $25. If the reader used to cost $150, what will Fernando's final price be after the markdown and rebate?

Complete each step to solve the problem.

1. How much money will Fernando save because of the 40% markdown? Show your work.

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2. The total amount off includes the markdown and rebate. What is the total amount off?

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3. What will the final price of the reader be? Show your work.

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