A retailer buys T-shirts for $12.50. They are marked up to cover overhead of 40% of cost

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A retailer buys T-shirts for $12.50. They are marked up to cover overhead of 40% of cost and a profit of 10% of cost. To the nearest 0.1%, what is the rate of markdown if the T-shirts are sold at the break-even price?

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: Mar 21, 2024 10:24 AM

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A retailer buys T-shirts for $12.50. They are marked up to cover overhead of 40% of cost

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Heres how we can find the markdown rate for the Tshirts 1 Calculate the tot... View the full answer

Contemporary Business Mathematics with Canadian Applications

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