# percentages/word problem

18) In October, a hardware store purchased snow shovels for \$8 each. The original markup was 50% based on the selling price. In December, the store had a sale and marked down the shovels by 20%. By January 1, the sale was over and the shovels were marked up 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? (Round to the nearest cent.)

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1. costprice = 80
after first markup, SP = 80(1.5)

after 20% mark down
= 8(1.5)(.8)

another 15% markup
= 8(1.5)(.8)(1.15)

final markdown of 60%
= 8(1.5)(.8)(1.15)(.4)
= 8(.552)
= 4.42

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