Iin October, a hard ware store purchased snow shovels fo $8 each. The original markup was 50% base on the selling price. In December, the store had a sell and mark down the shovels by 20%. By January 1, the sale was over and the shovels were markup 15%. In March, the store held a clearance sale of all winter tools by having a final markdown of 60%.What was the final selling price of the shovels

Question

Iin October, a hard ware store purchased snow shovels fo $8 each. The original markup was 50% base on the selling price. In December, the store had a sell and mark down the shovels by 20%. By January 1, the sale was over and the shovels were markup 15%. In March, the store held a clearance sale of all winter tools by having a final markdown of 60%.What was the final selling price of the shovels

Answer 1

8 x .50 =4 + 8= $12

12 x .20 =2.4 -12= $9.60
9.60 x .15 = 1.44 + 9.60= $11.04
11.04 x .60 = 6.62 -11.04= $4.42 final price.

Answer 2

To find the final selling price of the snow shovels, we need to follow the given steps and calculate the price at each stage.

Step 1: Original Markup in October
The store purchased snow shovels for $8 each, and the original markup was 50% based on the selling price. This means the selling price after the first markup was:

Selling Price = Cost Price + Markup
Selling Price = $8 + (50% of Selling Price)
Selling Price = $8 + 0.5 * Selling Price

To solve this equation, we can rearrange it:

0.5 * Selling Price = $8
Selling Price = $8 / 0.5
Selling Price = $16

So, after the original markup in October, the selling price of the shovels was $16 each.

Step 2: December Sell-Off and 20% Mark Down
In December, the store had a sell-off and marked down the shovels by 20%. This means the selling price after the mark-down was:

Selling Price = Selling Price (October) - (20% of Selling Price)
Selling Price = $16 - (0.20 * $16)
Selling Price = $16 - $3.20
Selling Price = $12.80

So, after the mark-down in December, the selling price of the shovels was $12.80 each.

Step 3: January Markup of 15%
By January 1, the sale was over, and the shovels were marked up by 15%. This means the selling price after the January markup was:

Selling Price = Selling Price (December) + (15% of Selling Price)
Selling Price = $12.80 + (0.15 * $12.80)
Selling Price = $12.80 + $1.92
Selling Price = $14.72

So, after the January markup, the selling price of the shovels was $14.72 each.

Step 4: March Clearance Sale - 60% Markdown
In March, the store held a clearance sale and marked down all winter tools by 60%. This means the selling price after the final markdown was:

Selling Price = Selling Price (January) - (60% of Selling Price)
Selling Price = $14.72 - (0.60 * $14.72)
Selling Price = $14.72 - $8.83
Selling Price = $5.89

So, after the final markdown in March, the selling price of the shovels was $5.89 each.

Therefore, the final selling price of the shovels after all the discounts and markups was $5.89 each.