Question

4Calculate the final selling price to the nearest cent and markdown percent to the nearest hundredth percent:Original selling price$6,000First markdown25%Second markdown15%Markup12%Final markdown15%5.55points03:53:00Final selling priceMarkdown percent: %eBookPrintReferencesMcGrawMANI< Prey4 of 9Next >

Answer 1

The final selling price = 3,641.4,

The markdown percent = 39,32%

Explanation:

Let's calculate the price in each step.

1) First markdown:

6,000 - 0.25*6,000 = $4,500

2) Second markdown:

4,500 - 0.15*4,500 = 3,825

3) Markup

3,825 + 0,12*3,825 = 4,284

4) Final markdown:

4,284 - 0,15*4,284 = $3,641.4

So, the final selling price is $3,641.4.

And the markdown percent is:

(6,000-3,641)/6,000 = 0.3932 = 39,32%.