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A retailer buys T-shirts for $12.50. They are marked up to cover overhead of 40% of cost and a profit of 10% of cost. To

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A retailer buys T-shirts for $12.50. They are marked up to cover overhead of 40% of cost and a profit of 10% of cost. To the nearest 0.1%, what is the rate of markdown if the T-shirts are sold at the break-even price

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