The Kidz Klothing store ordered a line of snowsuits at $60 each, less a trade discount...

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The Kidz Klothing store ordered a line of snowsuits at $60 each, less a trade discount of 8%. The selling price is marked up to allow for overhead expenses of 15% of the cost price, and profit of 25% of the cost price. a) What was the regular selling price of the snowsuits? (4 marks) b) If the snowsuits are sold for a reduced price of $59, what is the profit or loss per pair? (2 marks) c) What is the rate of markdown of the snowsuits? (2 marks) The Kidz Klothing store ordered a line of snowsuits at $60 each, less a trade discount of 8%. The selling price is marked up to allow for overhead expenses of 15% of the cost price, and profit of 25% of the cost price. a) What was the regular selling price of the snowsuits? (4 marks) b) If the snowsuits are sold for a reduced price of $59, what is the profit or loss per pair? (2 marks) c) What is the rate of markdown of the snowsuits? (2 marks)

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To find the answers well follow these steps a Calculate the regular selling price b Calc... View the full answer