Question
The dress buyer is permanently marking down Fall velvet dresses. The buyer purchased 1,000 dresses and only 100 sold at the regular price of $150.00.
The dress buyer is permanently marking down Fall velvet dresses. The buyer purchased 1,000 dresses and only 100 sold at the regular price of $150.00. The first permanent markdown was to $129.99 and 200 sold. The second permanent markdown was taken to $99.99 and 500 sold. Calculate the total markdown percentage (Show two decimal places).
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
ISBN: 978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
