Post 2: Reply to a Classmate Your classmate's item is not selling and needs to be marked down. Find a classmate's initial post that has not yet been replied to by a fellow classmate. Using several sentences, write a recommendation that it is time to put the item on sale. Assume your classmate is using the selling price they found on the internet as their selling price. State a sale price on your classmate's item that you are recommending and calculate the dollar markdown and the markdown percentage. Show all steps in your calculationsI Include these items in your post: - Written recommendation - Sale price recommended - Dollar markdown - Markdown percentage - Steps used for your calculations At Rustic Decor and More we have several different areas of rustic decor that we focus on, woodworking, metal, custom-made, and iron. The item that I choose was a Black Bear bottle holder. This is a popular seller in our store right now, Item: Amazon.com: Drinking Black Bear Wine Bottle Holder in Rustic Animal Sculpture \& Statue Wine Stands, Cabin and Lodge Decorative Wine Racks \& Gifts : Home \& Kitchen Cost of good $34.95 Average markup 40\% 34.95/1.4=24.96 34.9524.96=9.99 Meaning that we purchase the bear for $9.99 and then mark the bear up 40% or add $24.96 to it making the final price before tax $34.95. I think that this markup makes us a good profit to where we will be able to mark the item down on the sale and still make a profit Resources: Post 2: Reply to a Classmate Your classmate's item is not selling and needs to be marked down. Find a classmate's initial post that has not yet been replied to by a fellow classmate. Using several sentences, write a recommendation that it is time to put the item on sale. Assume your classmate is using the selling price they found on the internet as their selling price. State a sale price on your classmate's item that you are recommending and calculate the dollar markdown and the markdown percentage. Show all steps in your calculationsI Include these items in your post: - Written recommendation - Sale price recommended - Dollar markdown - Markdown percentage - Steps used for your calculations At Rustic Decor and More we have several different areas of rustic decor that we focus on, woodworking, metal, custom-made, and iron. The item that I choose was a Black Bear bottle holder. This is a popular seller in our store right now, Item: Amazon.com: Drinking Black Bear Wine Bottle Holder in Rustic Animal Sculpture \& Statue Wine Stands, Cabin and Lodge Decorative Wine Racks \& Gifts : Home \& Kitchen Cost of good $34.95 Average markup 40\% 34.95/1.4=24.96 34.9524.96=9.99 Meaning that we purchase the bear for $9.99 and then mark the bear up 40% or add $24.96 to it making the final price before tax $34.95. I think that this markup makes us a good profit to where we will be able to mark the item down on the sale and still make a profit Resources