Answer: $51.48
Explanation:
If a $52 item is marked up by 10%, its new price will be:
$52 + 10% of $52 = $52 + $5.20 = $57.20
Then, if this new price is marked down by 10%, the final price will be:
$57.20 - 10% of $57.20 = $57.20 - $5.72 = $51.48
Therefore, the final price of the item after the markup and markdown is $51.48.