A two-person tent costs a retailer $249. The rate of markup is 25% of the selling price.

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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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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 16, 2020 03:30 AM

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A two-person tent costs a retailer $249. The rate of markup is 25% of the selling price.

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Given C 24900 M 025S Sreduced 24900 a ...View the full answer

Fundamentals Of Business Mathematics In Canada

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