The wholesale cost of a desk is $490. The original markup was 67% based on selling price. Find the final sale price after the following series of price changes: a markup of 25%, a markdown of 14%, and a markdown of 34%. (Round each intermediate selling price to the nearest cent.)

The wholesale cost of a desk is $490. The original markup was 67% based on selling price. Find the final sale price after the following series of price changes: a markup of 25%, a markdown of 14%, and a markdown of 34%. (Round each intermediate selling price to the nearest cent.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter18: The Management Of Accounts Receivable And Inventories

Section: Chapter Questions

Problem 19P

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