Over the course of a year, a retailer adjusts the price of an item as indicated

Question

Over the course of a year, a retailer adjusts the price of an item as indicated below. Calculate the current price after each adjustment. Round each calculation to the nearest cent,as needed.

A. After first adjustment, Price = __________________

B. After second adjustment, Price = __________________

C. After third adjustment, Price = __________________

D. After final adjustment, Price = __________________

Adjustments: #1 Markdown #2 Markdown #3 Markup #4 Markdown Original Price: $9,000 10% 15% 5% 8% Current Price: A B C D

Explanation / Answer

Here current price after first adjustment = 90% of original price (as 10% is adjusted)

= 90/100 x 9000 = 8100

So answer for part a ) is $ 8100.00

Now current price after second adjustment = 85% of just previous price

=0.55 x 8100= $6885

so answer of part b) = $6885.00

Now current price after third adjustment = 95% of just previous price

= 95% of 6885 = 0.95 x 6885 = 5852.25

So answer for part C) is $5852.25

And current price after fourth adjustment = 92% of just previous price

= 0.92 x 5882.25 = 5384.07

so last answer for part D is $ 5384.07

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