Multiple Choice
A dining room set costs $400, less 30% and 10%. The overhead costs are 25% of cost and operating profit is 30% of cost. After three months, the set is reduced to $200. What is the rate of markdown of the set?
A) 95.3%
B) 75.6%
C) 36.5%
D) 20.6%
E) 48.8%
Correct Answer:
Verified
Correct Answer:
Verified
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