Question

Iin October, a hard ware store purchased snow shovels fo $8 each. The original markup was 50% base on the selling price. In December, the store had a sell and mark down the shovels by 20%. By January 1, the sale was over and the shovels were markup 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

8 x .50 =4 + 8= $12
12 x .20 =2.4 -12= $9.60
9.60 x .15 = 1.44 + 9.60= $11.04
11.04 x .60 = 6.62 -11.04= $4.42 final price.