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A clothing store buys shorts for $56.00 less 50% for buying over 50 pairs, and less a further 193% for buying last season's style. The
A clothing store buys shorts for $56.00 less 50% for buying over 50 pairs, and less a further 193% for buying last season's style. The shorts are then marked up to cover overhead expenses of 25% of cost and a profit of 27% of cost. (a) What is the regular selling price of the shorts? (b) What is the maximum amount of markdown to break even? (c) What is the rate of markdown if the shorts are sold at the break-even price? (a) The selling price is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The amount of the markdown to break even is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The rate of markdown to break even is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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