The Wholesale Cost of a Desk Is $490

question 138

Multiple Choice

The wholesale cost of a desk is $490. The original markup was 69% based on selling price. Find the final sale price after the following series of price changes: a markup of 30%, a markdown of 13%, and a markdown of 36%. (Round each intermediate selling price to the nearest cent)

• A) $599.41
• B) $1,144.14
• C) $645.52
• D) $616.07

---

Definitions:

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally dangerous and harmful.

Educational Opportunities

The access and availability of options for learning and education available to individuals within a community or society.

Technological Change

Innovation or improvements in technology that enhance productivity, efficiency, or quality in the production of goods and services.

Trade Liberalization

The removal or reduction of trade barriers, such as tariffs and quotas, to encourage the free flow of goods and services between countries.