A distributor purchased golf sets for $625 each, less 20% and 10%. Its profit is 10% on

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A distributor purchased golf sets for $625 each, less 20% and 10%. Its profit is 10% on cost and markup is 30% on selling price. During a sale, the golf sets were marked down to $629.00.

a. What was the regular selling price?

b. What was the rate of markdown?

c. At the sale price, what was the profit or loss?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Question Posted: Sep 19, 2024 06:04 AM

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A distributor purchased golf sets for $625 each, less 20% and 10%. Its profit is 10% on

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