BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
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Ken Michael’s Furniture bought a sofa for $262 and marked it up 85% based on the cost. For a special promotion, it was marked down 25%. Store management decided to mark it down an additional 30%. What was the final reduced price?
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$363.53
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$36.35
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$254.47
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$325.94
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Explanation:
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