Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A clothing store buys sweaters for $53 less 34%for buying over 50 pairs,and less a further 11.75% for buying last season's style.The sweater are then

A clothing store buys sweaters for $53 less 34%for buying over 50 pairs,and less a further 11.75% for buying last season's style.The sweater are then markup to cover overhead expenses of 40% of cout and a profit of 41.75% of cost

a.what is the regular selling price of the swaters?

b.what is the manimum amount of markdown to break even

C.what is the rate of markdown if the sweaters are sold at the break- even price

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Probability

Authors: Mark Daniel Ward, Ellen Gundlach

1st edition

716771098, 978-1319060893, 1319060897, 978-0716771098

More Books

Students also viewed these Mathematics questions