Question
While she was at the store, it purchased 797 dress shirts that were listed for $78 each less trade discounts of 12%, 5%, and 4%
While she was at the store, it purchased 797 dress shirts that were listed for $78 each less trade discounts of 12%, 5%, and 4% from FXFusion in Vancouver. The store's operating expenses are 26% of cost and markup is 53% of cost.
The store sold 481 shirts at the regular selling price. During a sale, it offered a markdown of 12% and sold another 248 shirts. It sold another 68 shirts at the break-even price.
Using your break-even price and regular selling price calculated in the previous questions, what would the rate of markdown have to be to reduce the selling price to the breakeven price
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