An item that costs a retailer $58.50 is normally sold for $95. During a storewide sale, the

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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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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 16, 2020 03:14 AM

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An item that costs a retailer $58.50 is normally sold for $95. During a storewide sale, the

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a M S C 95 5850 3650 b S redu...View the full answer

Fundamentals Of Business Mathematics In Canada

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