Math Problem Statement

The wholesale cost of a birdcage is $55. The original markup was 44% based on selling price. Find the final sale price (in $) after the following series of price changes: a markdown of 18% and a markup of 11%. (Round each intermediate selling price to the nearest cent.)

Solution

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Math Problem Analysis

Mathematical Concepts

Markup and Markdown
Percentage Calculations
Algebra

Formulas

Wholesale cost = Selling price - Markup
New price after markdown = Original price × (1 - Markdown percentage)
New price after markup = Price after markdown × (1 + Markup percentage)

Theorems

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Suitable Grade Level

Grades 9-12