Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

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).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Some aspects of development are gene-driven; they are largely directed by biological factors (e.g., the physical maturation of the brain). Other aspects are experienceexpectant; they require stimuli...

Answered: 1 week ago

Question

★★★★★

Houston Company issued a $10,000, three-year, 5 percent bond on January 1, 2011. The bond interest is paid each December 31. The bond was sold to yield 4 percent. Required: 1. Complete a bond...

Answered: 1 week ago

Question

★★★★★

I need the code for ORACLE EXPRESS to create this table NOTICE IT HAS VARIOUS PRIMARY KEYS AND FOREIGN KEYS Primary Key: P_NO + PR_NO + S_NO Foreign Key: P_NO references PART Foreign Key: PR_NO...

Answered: 1 week ago

Question

★★★★★

Analyze and compare Restaurant Brands and Dunkin' Brands Restaurant Brands International Inc. (QSR) is one of the world's largest quick service restaurant companies. Its brands indude Tim Horton's,...

Answered: 1 week ago

Question

★★★★★

You have $420 in an account which pays 4.1% compounded annually. If you invest your money for 9 years, then how many dollars of interest will you earn by the end of the term? The amount of interest...

Answered: 1 week ago

Question

★★★★★

Americans are greedy because everybody sues everybody on everything." Do you agree with above statement, and why there are many more liability litigation cases seeking huge amount for damage remedy...

Answered: 1 week ago

Question

★★★★★

You require 4.300 kg prepared carrots for service. The trimming loss for carrots is 14%. What quantity of raw carrots will you require for preparation? Enter your answer to 3 decimal places, e.g....

Answered: 1 week ago

Question

★★★★★

How does the battery from Tesla cars negatively impact the environment? Does Tesla negatively impact the environment at all? If so, how? What could Tesla do to help solve these impacts?

Answered: 1 week ago

Question

★★★★★

United States Motors Inc. (USMI) manufactures automobiles and light trucks and distributes them for sale to consumers through franchised retail outlets. As part of the franchise agreement,...

Answered: 1 week ago

Previous Question Next Question