Question: PLEASE SHOW WORK! 2 . A local produce stand decided to extend their season by selling Christmas trees in November and December. The stand s

PLEASE SHOW WORK! 2. A local produce stand decided to extend their season by selling Christmas trees in November and
December. The stands owner purchased 500 locally grown Christmas trees. They cost $10 each, and
were priced at $50 each. Unfortunately, the trees did not sell as well as expected and the owner
needed to take markdowns of 65% to sell them.
What is the initial margin percent on the Christmas trees? What is the maintain margin percent?

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