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A bedroom suite that cost a jimmy $3000 less 18% and 37.5% carries a price tag with a regular selling price at a markup of
A bedroom suite that cost a jimmy $3000 less 18% and 37.5% carries a price tag with a regular selling price at a markup of 120% of cost. For quick sale, the bedroom suite was marked down 40%.
a) What was the sale price?
b) What rate of markup based on cost was realized?
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