A floor lamp originally cost $44.50. Over a period of two months, it underwent the following changes in price.62%Markup15%Markdown18%Markup20%Markup45%MarkdownWhat is the final price of the floor lamp? Round all dollar values to the nearest cent.

Apply each price change in order by multiplying by its remaining or increased percentage: $44.50 × 1.62 × 0.85 × 1.18 × 1.20 × 0.55 = $47.7221382. Rounded to the nearest cent, the final price is $47.72, choice B.

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