Answers (work needs to be shown):

a) 39.40%

b) 39.40%

Office Supply Depot plans to stop carrying the Casio FC-200 calculator. It normally marks up the calculator from the $31.50 wholesale cost to the regular selling price of $51.98. a. What is the normal rate of markup on selling price? b. What rate of markdown can be advertied f Office Supply Depot wishes to clear out the stock at $31.50, the wholesale cost