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
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