3. BestBuy is currently selling GE dishwasher for a discounted price of $500. The original price for the dishwasher was $800. a. Calculate the markdown in absolute terms and the markdown rate. b. By law, sales tax has to be applied to the discount price. However, would it be better for the consumer if the 7% sales tax was calculated before the discount rate was applied? Why or why not? Show all calculations to support your answer. 4. Target has a sign in its store that says all toys have been discounted 20%. You purchase a Monopoly board game for $40. a. What is the original price? b. Calculate markdown in absolute form. 5. Target buys hand sanitizers from the wholesaler at $3 and sells them in their stores at $8. Find the original markup. a. b. Now, assume the hand sanitizers does not sell for $8 so the store has to reduce the price by 10%. Calculate the final selling price and the maintained markup.