Problem
The cost of a product is $150, markup is 50 percent, and markdown is 30 percent. What's the final selling price? Men's Wearhouse purchased black leather belts for $15.99 each and priced them to sell for $29.99 each. What was the markup on the belts?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.