A floor lamp originally cost $44.50. Over a period of two months, it underwent the following changes in price. 62% Markup 15% Markdown 18% Markup 20% Markup 45% Markdown What is the final price of the floor lamp? Round all dollar values to the nearest cent. a. $62.30 b. $47.72 c. $35.60 d. $24.48

Question

Mathematics

Terry Wright

11 May, 21:01

A floor lamp originally cost $44.50. Over a period of two months, it underwent the following changes in price. 62% Markup 15% Markdown 18% Markup 20% Markup 45% Markdown What is the final price of the floor lamp? Round all dollar values to the nearest cent. a. $62.30 b. $47.72 c. $35.60 d. $24.48

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Answers (1)

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Jase Wang · Answer 1

We have to find the final price of the floor lamp after all changes in price.

If the price changes 62% Markup we will multiply previous price by 1.62

(100% + 62% = 162% = 1.62). Also for 15% Markdown we will multiply it by 0.85 (100% - 15% = 85% = 0.85) and so on:

$44.50 * 1.62 * 0.85 * 1.18 * 1.20 * 0.55 = $47.72

Answer:

B. $47.72