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Workwear Station uses a markup on cost of 5 5 % to establish its retail prices. This pricing rule builds in a profit of 2

Workwear Station uses a markup on cost of $55 %$ to establish its retail prices. This pricing rule builds in a profit of $22 %$ of cost $.$ What rate of markdown can Workwear Station offer and just break even on the reduced price?

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Workwear Station uses a markup on cost of 5 5 % to establish its retail prices. This pricing rule builds in a profit of 2

Workwear Station uses a markup on cost of 55% to establish its retail prices. This pricing rule builds in a profit of 22% of cost. What rate of markdown can Workwear Station offer and just break even on the reduced price?

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Recommended Textbook for

Intermediate Accounting principles and analysis

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Workwear Station uses a markup on cost of $55 %$ to establish its retail prices. This pricing rule builds in a profit of $22 %$ of cost $.$ What rate of markdown can Workwear Station offer and just break even on the reduced price?