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Rainbow Paints is discontinuing a line of paint that it purchased at $ 6 2 less 5 0 % and 1 0 % per 4

Rainbow Paints is discontinuing a line of paint that it purchased at $62 less 50% and 10% per 4-L pail. The stores overhead is 40% of cost, and normal operating profit is 20% of cost. If the manager of the store is prepared to accept a loss of one-quarter of the overhead expenses, what markdown rate can the store offer in order to clear out the paint?
 
   

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