Rainbow Paints is discontinuing a line of paint that it purchased at $ 6 2 less 5
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Question:
Rainbow Paints is discontinuing a line of paint that it purchased at $ less and per L pail. The stores overhead is of cost and normal operating profit is of cost If the manager of the store is prepared to accept a loss of onequarter of the overhead expenses, what markdown rate can the store offer in order to clear out the paint?
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