Chapter 8.III, Problem 15TIE

In September, Tire Depot in Chicago purchased snow tires from a distributor for $48.50 each. The original markup was 55% based on selling price. In November, the tires were marked down 30% and put on sale. In December, they were marked up 20%. In February, the tires were again on sale at 30% off. and in March, they cleared out with a final 25% markdown. What was the final selling price of the tires? Round to the nearest cent.