1. Nail & Hammer Shack purchased 246 table fans of a particular make. The unit cost was $29.50 and the regular selling price was $60.00 each. The store sold 122 of them at the regular selling price. During a sale, it sold another 47 of them at markdown of 18.00%. The remaining units were sold at an additional markdown of 14.00% on the original price. 

What is the net rate of markup based on total cost?

2. Nail & Hammer Shack purchased 246 table fans of a particular make. The unit cost was $27.50 and the regular selling price was $54.00 each. The store sold 124 of them at the regular selling price. During a sale, it sold another 44 of them at markdown of 24.00%. The remaining units were sold at an additional markdown of 14.00% on the original price. 

What is the net rate of markup based on total cost?

Answer rating: 100% (QA)

Answer Scenario 1 Lets break down the calculations and find the net rate of markup based on the total cost Regular Sales Units sold 122 Selling price ... View the full answer