4
QuizMultiple Choice

Markup and Markdown

Question 4 • FowU - Financial Math - B

A desk chair underwent the following changes in price before being removed from the store.22%Markup30%Markup36%Markdown40%Markup18%MarkdownIf the final price of the desk chair was $167.79, what was the original price, to the nearest dollar? Round all dollar values to the nearest cent.

Answer
A
$88
B
$122
C
$144
D
$196

Explanation

Undo each price change in reverse order: divide by 0.82 for the 18% markdown, divide by 1.40 for the 40% markup, divide by 0.64 for the 36% markdown, divide by 1.30 for the 30% markup, and divide by 1.22 for the 22% markup. Rounding each intermediate price to the nearest cent gives $204.62, $146.16, $228.38, $175.68, and finally $144. The original price was therefore $144, choice C.

AI-written and checked against the verified answer.

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