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Answer to Question #44765 in Macroeconomics for Angela
Question #44765
The initial price of a good is 2.5X. A week later it drops 15%. A week later it drops another 20%. it still doesn't sell, so the manager marks it down an extra $10 in week 3. If you buy it for 30% of the original price, what was its price after the markdown in week 2?
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