The wholesale cost of a desk is $490. The original markup was 67% based on selling price. Find the final sale price after the following series of price changes: a markup of 25%, a markdown of 14%, and a markdown of 34%. (Round each intermediate selling price to the nearest cent.)

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter10: Inventory
Section: Chapter Questions
Problem 1PA: When prices are rising (inflation), which costing method would produce the highest value for gross...
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The wholesale cost of a desk is $490. The original markup was 67% based on selling price. Find the final sale price after the following series of price changes: a markup of 25%, a markdown of 14%, and a markdown of 34%. (Round each intermediate selling price to the nearest cent.)

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