Fad City sells novel clothes which are subject to a great deal of price volatility. A recent item which cost $20 was marked up $12, marked down for a sale by $6 and then had a markdown cancellation of $3. The latest selling price is:

Question

Quizplus · Accepted Answer

The item was marked up by $12, so the price became $20 + $12 = $32. 
Then it was marked down for a sale by $6, so the price became $32 - $6 = $26. 
Next, there was a markdown cancellation of $3, so the price increased by $3 to become $26 + $3 = $29. 
Therefore, the latest selling price is $29.

Fad City Sells Novel Clothes Which Are Subject to a Great