Madelyn, a shoe store owner, purchases snow boots for $60 each and has a rate of markup

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Madelyn, a shoe store owner, purchases snow boots for $60 each and has a rate of markup of 25% on cost. Every January, she marks them down to a reduced selling price of $52.50.

a. What is the regular selling price of the boots?

b. What is the rate of markdown in January?

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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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Madelyn, a shoe store owner, purchases snow boots for $60 each and has a rate of markup

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Mathematics Of Business And Finance

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