A microwave oven costs $124.85 before it is marked down. If it is marked down by 63%, what is its new price, to the nearest cent?

A 63% markdown means the new price is 100% − 63% = 37% of the original price. Calculate $124.85 × 0.37 = $46.1945, which rounds to $46.19 to the nearest cent. The correct choice is $46.19.

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