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Mr. Vacuum obtains vacuum cleaners for $720 less 33 1/3% and 15%. A demonstration unit regularly priced at $750 was sold for $450. The shops
- Mr. Vacuum obtains vacuum cleaners for $720 less 33 1/3% and 15%. A demonstration unit regularly priced at $750 was sold for $450. The shops overhead is 22% of cost.
- What was the markdown rate on the vacuum cleaner?
- What was the profit or loss on the sale of the demonstrator?
What rate of markup on cost was realized at the reduced price?
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