A two-person tent costs a retailer $249. The rate of markup is 25% of the selling price.
Question:
A two-person tent costs a retailer $249. The rate of markup is 25% of the selling price.
a. What is the selling price?
b. What is the rate of markup based on cost?
c. If the tent is damaged while in the storeroom, and is marked down to a reduced selling price of $249, calculate the dollars of markdown and the rate of markdown.
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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