<human>:  The price of an iPhone fell 10% in a particular month and another 20% in the second month. If the initial price was $1000, calculate the price after the second month.
<bot>: How much did the price fall in the first month? ** In the first month, the price of the iPhone fell by 10/100*$1000=$<<10/100*1000=100>>100
What is the new price after the first month? ** The new price after the first month is $1000-$100 = $<<1000-100=900>>900
How much did the price fall in the second month? ** In the second month, the price fell 20% further by 20/100*$900 = $<<20/100*900=180>>180
What is the new price after the second month? ** The new price after the second month is $900-$180 = $<<900-180=720>>720
#### 720