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The men's clothing buyer had a group of 80 pocket squares priced at $40 each that were selling very slowly.To stimulate sales, the buyer reduced
The men's clothing buyer had a group of 80 pocket squares priced at $40 each that were selling very slowly.To stimulate sales, the buyer reduced the price of the whole group to $29.99.At this price, 40 were sold in a short time.At a later date, the remaining pieces became shopworn and needed a further reduction.The buyer reduced them to $19.99 and an additional 15 were sold.What was the total dollar markdown taken?
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