Question
The retail price of a pair of sunglasses is $76, which is based on a markup of 18.38% on cost. During a special sale the
The retail price of a pair of sunglasses is $76, which is based on a markup of 18.38% on cost. During a special sale the sunglasses were reduced so the store obtained a 15.79% markup based on cost.
What was the reduced price?
Report your answer with two decimal places and no dollar sign.
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
