Question

Calculate the final selling price to the nearest cent and markdown percent to the nearest hundredth percent: Original selling price First markdown Second markdown Markup Final markdown $ 5,900 35 % 20 % 10 % 10 % final selling price? Markdown percent?

Answer 1

The final selling price after applying the markdowns and the markup on the original selling price of $5900 is $3037.32. The total markdown percent is 48.53%,

Step-by-step explanation:

To calculate the final selling price and the markdown percent, we'll first apply the markdowns and the markup on the original selling price.

First, the original selling price of $5900 is reduced by 35% to give a first markdown price: $5900 - 0.35*$5900 = $3835.

Then, the price is reduced by a further 20% for the second markdown: $3835 - 0.20*$3835 = $3068.

Next, a 10% markup is applied: $3068 + 0.10*$3068 = $3374.80.

Finally, a 10% final markdown is applied: $3374.80 - 0.10*$3374.80 = $3037.32. So, the final selling price to the nearest cent is $3037.32.

The markdown percent is calculated as (($5900 - $3037.32)/$5900)*100 = 48.53%. So, the markdown percent to the nearest hundredth percent is 48.53%.

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