Calculate the final selling price to the nearest cent and markdown percent to the nearest hundredth percent: Original selling price First markdown Second markdown Markup Final markdown $4,600 35% 20% 15% 20%

Final selling price is $2,200.64

Markdown percent is 52.16%

Explanation:

In this question, we are asked to calculate the final selling price and markdown percent.

To calculate the final selling price, we make use of the percentages of markdown and markup in conjunction with the original selling price.

Note, whenever we have a markdown, we subtract the percentage by 100 before multiplying and whenever we have a mark up, we addd 100 to the percentage before multiplying.

Thus, the final selling price can be calculated as follows;

4,600 * 65/100 = 2,990 * 80/100 = 2392 * 115/100 = 2750.8 * 80/100 = $2,200.64

The final selling price is $2,200.64

The markdown percent

Mathematically;

Markdown percent = (original selling price-final selling price)/original selling price * 100%

= ((4600-2,200.64)/4600 * 100 = 52.16 percent

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