Explain why taking a series of markdowns of 25% and 30% is not the same as taking

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Explain why taking a series of markdowns of 25% and 30% is not the same as taking a single markdown of 55%. Illustrate your answer with a specific example.

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:42 AM

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Explain why taking a series of markdowns of 25% and 30% is not the same as taking

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The second markdown uses the sale price as ...View the full answer

Business Math

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