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

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

150 x 40% = 60

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

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