Question

Calculate the final selling price.

Original Selling Price	1st Markdown	2nd Markdown	Markup	Final Markdown	Final Selling Price
$7,000	15%	10%	8%	8%

Answer 1

Original Selling price	7,000
1st Markdown	15%
Price after 1st markdown	5,950
{7000 x (1-15%)}
2nd Markdown	10%
Price after 2nd markdown	5,355
{5950 x (1-10%)}
Markup	8%
Price after markup	5,783.40
{5355 x (1+8%)}
Final markdown	8%
Price after final markdown	5,320.73
{5783.4 x (1-8%)}

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