Question: A clothing store buys shortsshorts for $ 5 5 . 0 0 5 5 . 0 0 less 4 0 4 0 % for buying
A clothing store buys shortsshorts for $ less for buying over pairs, and less a further and two thirds for buying last season's style. The shortsshorts are then marked up to cover overhead expenses of of cost and a profit of and two thirds of costa What is the regular selling price of the shortsshortsb What is the maximum amount of markdown to break even? c What is the rate of markdown if the shortsshorts are sold at the breakeven price?
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