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Step 4

The selling price after the first markdown was found to be 

SP1 = $88.20.

 This value will be used to calculate the selling price after the next price change, 

SPfinal.

 Since the next change is a markup of 14%, the markup percentage will be added to 100%. This sum will then be multiplied by 

SP1

 as follows.

SPfinal = SP1(100% + markup%)

As before, the percentages must first be converted to decimals. The second price change is a markup of 14%, so we have 

100% + markup% = 100% + 14% = 114%.

 Converting 114% to a decimal gives  .

Substitute this decimal value and 

SP1 = $88.20

 to find the final selling price (in $) of the birdcage, rounding the result to the nearest cent.

SPfinal	=	SP1(100% + markup%)
	=	$88.20
	=	$