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Calculate the final selling price to the nearest cent and markdown percent to the nearest hundredth percent:


Original selling price: $5,000
First markdown: 20%
Second markdown: 10%
Markup: 12%
Final markdown: 5%

Final selling Price? Markdown percent?

Respuesta :

anthougo

The final selling price is $3,830.40 with a final markdown percent of 23.39%.

What is a markdown?

A markdown refers to the difference between the highest bid price and the price that a customer pays for goods or services.

Markdowns are usually expressed in percentages.

Data and Calculations:

                                               Selling Price

Original selling price                $5,000

First markdown:       20%         $4,000 ($5,000 x 1 - 20%)

Second markdown:  10%         $3,600 ($4,000 x 1 - 10%)

Markup:                    12%          $4,032 ($3,600 x 1 + 12%)

Final markdown:       5%        $3,830.40 ($4,032 x 1 - 5%)

Final markdown percent = 23.392% {1 - ($3,830.40/$5,000)}

Thus, the final selling price is $3,830.40 with a final markdown percent of 23.39%.

Learn more about markdowns and markups at https://brainly.com/question/3099549

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