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A company sells inventory that is subject to a great deal of price volatility. A recent item of inventory that cost $ 2 1 .

A company sells inventory that is subject to a great deal of price volatility. A recent item of inventory that cost $21.90 was marked up $13.40, marked down for a sale by $5.40 and then had a markdown cancellation of $4.00. The latest selling price is:
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$39.30.
$33.90.
$29.78.
$27.30.
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