An item that costs a retailer $58.50 is normally sold for $95. During a storewide sale, the
Question:
An item that costs a retailer $58.50 is normally sold for $95. During a storewide sale, the item was marked down by 30%.
a. What is the normal rate of markup based on cost?
b. What was the reduced sale price?
c. By how much was the item n1arked down in dollars?
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a M S C 95 5850 3650 b S redu...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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