Word Problems

The whole sale price is $4,200 and the markup is 37%. Later the whole sale price is reduced by 23%.
If the markup remains 37% what is the new selling price?
First do you know the meaning of whole sale price,markup and selling price?    answers

w = new wholesale price  
w = 100% $4,200 - 23% $4,200 = 77% $4,200  
w = .77($4,200) = $3,234

s = selling price
s = 100% $3,234 + 37% $3,234
s = 1.00($3,234) + .37 ($3,234) = $3,234 + $1,196.58
s = $ 4430.58

Try this example:
The whole sale price is $6,234 and the markup is 27.4%. What is the selling price?
answer

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