Kendra and Mikala, owners of Nue Rhythm Clothing, paid $40 a pair for jeans. On September 15, Kendra marked up the jeans 135% based on the cost. On November 24, she marked the jeans down 50% for a Black Friday sale. The jeans were marked down an additional 35% for final clearance. What was the final selling price of the jeans?

Kendra and Mikala, owners of Nue Rhythm Clothing, paid $40 a pair for jeans. On September 15, Kendra marked up the jeans 135% based on the cost. On November 24, she marked the jeans down 50% for a Black Friday sale. The jeans were marked down an additional 35% for final clearance. What was the final selling price of the jeans?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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