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The Wholesale Cost of a Desk Is $490

Question 45

Multiple Choice

The wholesale cost of a desk is $490. The original markup was 69% based on selling price. Find the final sale price after the following series of price changes: a markup of 30%, a markdown of 13%, and a markdown of 36%. (Round each intermediate selling price to the nearest cent)


A) $599.41
B) $1,144.14
C) $645.52
D) $616.07

Correct Answer:

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