Question: A ladies' suit selling for $135 is marked down 25% for a special promotion. It is later marked down 15% of the sale price. Because

A ladies' suit selling for $135 is marked down 25% for a special promotion. It is later marked down 15% of the sale price. Because the suit still hasn't sold, it is marked down to a price that is 75% off the original selling price. What are the two sale prices of the suit? What is the final selling price of the suit?

Step by Step Solution

★★★★★

3.50 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

M 1 13525 M 1 3375 N 1 135 3375 N 1 1012... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

724-B-F-F-M (2695).docx

120 KBs Word File

Students Have Also Explored These Related Finance Questions!

A desk that originally sold for $589 was marked down 25%. During the sale it was scratched and had to be reduced an additional 25% of the original price. What was the final selling price of the desk?

A gas barbecue cost a retailer $420 less 33 13%, 20%, and 5%. It carries a regular selling price on its price tag at a markup of 60% of the regular selling price. During the end-of-season sale, the...

a. SportZ Ltd. has offered a series of discounts to their retail outlets. The basic whole- sale discount is 30% off the suggested retail price. If the retailer purchases more than $5000 from SportZ,...

Chrome File Edit View History Bookmarks Profiles Tab Window Help Q Sat Jul 23 4:56 PM Unit 2 Lab Quiz X G screenshot on mac - Google SE X + F C D a...

1-Belts cost $5 and sell with a markup of $2.86. Find the selling price of the belts. 2-A serving tray costs $1,432 and sells for $2,030. a. Find the rate of markup based on cost . b. Find the rate...

1-Twenty decorative enamel balls cost $12.46 each and are marked up $9.35. a. Find the selling price for each one. b. Find the total amount of margin or markup for the 20 balls. 2-A DVD costs $4 and...

1. Selling price=$850; reduced (New) price=$500. Find the markdown amount and the rate of markdown. Part 1 The markdown amount is $. Part 2 The rate of markdown is %. 2. An item is originally priced...

A ladies' suit selling for $125 is marked down 25% for a special promotion. It is later marked down 15% of the sale price. Since the suit still hasn't sold it is marked down to a price that is 65%...

Question content area top Part 1 A ladies' suit selling for $130 is marked down 25% for a special promotion. It is later marked down 15% of the sale price. Since the suit still hasn't sold, it is...

A ladies' suit selling for $145 is marked down 25% for a special promotion. It is later marked down 5% of the sale price. Since the suit still hasn't sold, it is marked down to a price that is 75%...

Assume the expected return of the S&P 500 is 8% and the expected return for bonds is 5%. The T-Bill rate is 2%. The standard deviation of the S&P 500 is 25% while the standard deviation of bonds is...

Cupid Childs, a wise investment statistician, once said about factor models, "Similar stocks should display similar returns." What did Cupid mean by this statement?

1 1 . Discuss 3 additional risk factors for thrombus development. ( Hint: list general risk factors, not risk factors specific to Leona. Leonas risk factors were addressed in question 1 4 ) 1 1 ....

What do you understand by psychological pricing? [2]

A payment of $1300 is scheduled for a date 3 years from now. What would be an equivalent payment 9 months from now, if money is worth 5.5% compounded quarterly?

What amount 15 months ago is equivalent to $2600, 1 years from now? Assume money can earn 5.4% compounded monthly.

Mustafa can receive a $77 discount if he pays his property taxes early. Alternatively, he can pay the full amount of $2250 when payment is due in nine months. Which alternative is to his advantage if...

Dillon Labs has asked its financial manager to measure the cost of each specific type of capital as well as the weighted average cost of capital. The weighted average cost is to be measured by using...

Assume that your company recently reported net income of $2,100,000, a tax rate of 40 percent, had interest expense of $400,000 on $10,000,000 of debt, and a return on assets (ROA) of 7 percent. Also...

The Bowman Corporation has $20 million bond obligation outstanding, which is considering refunding. Though the bonds were issued at 12 percent, the interest rates on similar issues have declined to...