Question: A store manager has decided to put an item on clearance. The original retail price of the item is $27.99. The markdown will be 60%.

A store manager has decided to put an item on clearance. The original retail price of the item is $27.99. The markdown will be 60%.

a.) What will the sale price be of this item?

b.) If the wholesale cost of the item is $7.13, will the store still make a profit on each sale? If so, how much?

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