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Central Ski and Cycle purchased 50 pairs of ski boots for $360 per pair less -- and 10% The regular rate of markup on selling
Central Ski and Cycle purchased 50 pairs of ski boots for $360 per pair less -- and 10% The regular rate of markup on selling price of the boots is 40% The store's overhead is 22% of the selling price. During January clearance sale, the price was reduced to $270 per pair a. What was the rate of markdown for the sale? (Round your answer to 2 decimal places) Rate of markdown 25 % und intermediate b. What was the profit or loss on each pair of boots at the sale price? (Do calculations and round your final answer to 2 decimal places.) Loss $ 59.40 per pair c. At the sale price, what was the rate of markup on cost? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Rate of markup on cost 4.45 %
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