Question

In October, a hardware store purchased snow shovels for $8 each. The original markup was 50% based on the selling price. In December, the store had a sale and marked down the shovels by 20%. By January 1, the sale was over and the shovels were marked up 15%. In March, the store held a clearance sale of all winter tools by having a final markdown of 60%. What was the final selling price of the shovels?

Answer 1

1. $8 + 50% of $8 = original selling price
2. December sale price: 80% of original selling price
3. January 1 price: 115% of December sale price
4. March clearance sale price: 40% of January 1 price.

Answer 2

Im sorry but i still didnt get it .. Pls need help more?

Answer 3

So you can't do step 1 or what?

Answer 4

No mean do i have to add the percentage after adding 8+50%=
the upcoming month as well?

Answer 5

What is 50% of 8?

Answer 6

Ok. Let me rephrase that. What is half of 8 ?

Answer 7

4

Answer 8

Add that number to 8. 4+8= ???

Answer 9

12

Answer 10

1. $8 + 50% of $8 = original selling price=12

Answer 11

So now we have the answer to Step 1

Answer 12

2. December sale price: 80% of original selling price
Now we know that the original selling price was $12 and we can answer Step 2 by finding 80% of the original selling price.
What is 80% of 12?

Answer 13

Oh ok i see

Answer 14

9.6

Answer 15

So now we know that the December sale price is $9.60 and we can answer Step 3

Answer 16

3. January 1 price: 115% of December sale price
What is 115% of $9.60 ???

Answer 17

11.04

Answer 18

So now we know that the January 1 price was $11.04 and we can do step 4
4. March clearance sale price: 40% of January 1 price.
What is 40% pf $11.04 ???

Answer 19

4.41

Answer 20

I believe that 4.416 would round to 4.42

Answer 21

So $4.42 is the final clearance sale price.

Answer 22

Yes it ..Ok so we round it great

Answer 23

Oh my god thank you so much i will write this down thank you thank you

Answer 24

yw