
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
The suggested retail price of a jacket was $120. The actual selling price was marked at 40% less than the suggested retail price during a store clearance event. During the final hour of the event, an additional 20% discount was applied on the marked price. How much did Mark pay for the jacket, and what percentage of the suggested retail price did he pay?
A) 40%
B) 45%
C) 48%
D) 50%
E) 55%

Present the answer in LaTex format: \boxed{Your answer}
user