The wholesale cost of a delivery van is $31,300. The original markup was 26% based on selling price. Find the final sale price after the following series of price changes: a markup of 46%, a markup of 15%, a markdown of 40%, and a markup of 14%. (Round each selling price to the nearest cent)

Question

Quizplus · Accepted Answer

To find the final sale price, apply each percentage change sequentially to the initial cost. Start with the wholesale cost, apply the original markup, then each subsequent markup or markdown, rounding at each step.

The Wholesale Cost of a Delivery Van Is $31,300