A pet food store receives discounts from a supplier of 8% and 14% on a doggie treat
Fantastic news! We've Found the answer you've been seeking!
Question:
A pet food store receives discounts from a supplier of 8% and 14% on a doggie treat which has a list price of $173.17.The store then marks the treat up 12% of cost for overhead and 16% of selling price for operating profit.Later, the store has a weekend special where they sell the treat at "11% above cost".What was their rate of markdown on the treat?Give your answer as a percent rounded to 2 decimal places.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: