A retailer has a standard mark-up of 100% on invoiced cost. At the year-end, 200 out of

Question:

A retailer has a standard mark-up of 100% on invoiced cost. At the year-end, 200 out of 5,0 products had been discounted by 30% of retail price.
Required:
Compute the estimated costs as percentages of retail price, separately for regular and discounted products.