A store sells lawn mowers for $480 each. This includes an operating profit of 15% on cost

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A store sells lawn mowers for $480 each. This includes an operating profit of 15% on cost and a markup on cost of 40%. During a sale the lawn mowers were marked down.

a. b. Calculate the rate of markdown, if the store made a profit of $17.50. Calculate the rate of markdown required to sell them at cost.

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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 store sells lawn mowers for $480 each. This includes an operating profit of 15% on cost

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Mathematics Of Business And Finance

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