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.example {
  background-color: lavenderblush;
}
.example .box {
  border: solid 3px peachpuff;
}

.example-2 {
  background-color: lavenderblush;
}

// ----
// Sass (v3.3.0.rc.2)
// Compass (v1.0.0.alpha.17)
// ----

$bgcolor: lavenderblush;

.example {
  background-color: $bgcolor;
  
  $bordercolor: peachpuff;
  
  .box {
    border: solid 3px $bordercolor;
  }
}

.example-2 {
  background-color: $bgcolor;
}