Calculate the final selling price to the nearest cent and markdown percent to the nearest hundredth percent:Original selling price$6,500Markup10%Final selling priceMarkdown percentFirst markdown35%%Second markdown20%Final markdown20%

Calculation of final selling price and mark down percentage are as follows

Answered: Calculate the final selling price to…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculate the final selling price to the nearest cent and markdown percent to the nearest hundredth percent: Markup Final markdown 10% 20% Original selling price $6,500 Final selling price Markdown percent First markdown 35% % Second markdown 20%