The men s clothing buyer had a group of 50 jackets priced at $250 each that...

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The men s clothing buyer had a group of 50 jackets priced at $250 each that was not selling at all. To stimulate sales of these jackets, the buyer reduced the price of the jackets in that group to $200. At this price, 40 pieces were sold in a short time. At a later date, the remaining pieces needed a further reduction to clear them from stock. The buyer reduced them to $150 each, and at that price they all sold out. What was the total dollar markdown taken? The men s clothing buyer had a group of 50 jackets priced at $250 each that was not selling at all. To stimulate sales of these jackets, the buyer reduced the price of the jackets in that group to $200. At this price, 40 pieces were sold in a short time. At a later date, the remaining pieces needed a further reduction to clear them from stock. The buyer reduced them to $150 each, and at that price they all sold out. What was the total dollar markdown taken?