SOLUTION: On November 1, the Holiday House Store marked up a $50 decoration by 30%. On November 28, the decoration was marked down 10%. It was marked up 20% on sales on December 1. Finally,
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Question 209228: On November 1, the Holiday House Store marked up a $50 decoration by 30%. On November 28, the decoration was marked down 10%. It was marked up 20% on sales on December 1. Finally, it was marked down 70% on December 26. Find the final selling price.
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
original price is $50.00
30% markup on November 1 equals ($50.00 * .3) = $15.00 markup.
markup price on November 1 equals $50.00 + $15.00 = $65.00
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10% markdown on November 28 equals ($65.00 * .1) = $6.50 markdown.
markdown price on November 28 equals $65.00 - $6.50 = $58.50
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20% markup on December 1 equals ($58.50 * .2) = $11.70 markup.
markup price on December 1 equals $58.50 + $11.70 = $70.20
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70% markdown on December 26 equals ($70.20 * .7) = $49.14 markdown.
markdown price on December 26 equals $70.20 - $49.14 = $21.06
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