Question: A small ice cream store marks up its springtime shipment of ice-cream bars to provide for overhead expenses of 120% of the cost and a

A small ice cream store marks up its springtime shipment of ice-cream bars to provide for overhead expenses of 120% of the cost and a profit of 100% of the cost. At the end of the summer, what rate of markdown can the ice cream store apply to the remaining inventory of ice-cream bars and still break even on sales at this level?

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