Elise has been analyzing her sell through and saw that the “hot” T-shirts from back to school have not been moving, and she has sweater shipments due in the next two weeks. She decides to mark the T’s down to make room for the anticipated shipment.

The cost of the T’s was $2.25, and they were on the floor at a 62 percent markup If Elise takes a 33 percent markdown, what is the new selling price?