Multiple Choice
A retailer sells all goods on a rate of mark-up on cost of 25%. If she later marks down any unsold products to their cost, what is the rate of markdown?
A) 25%
B) 15%
C) 30%
D) 17.5%
E) 20%
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q55: Fixtures were purchased at a cost of
Q56: Parker Transport received a bill for $11,400
Q57: A shovel costing $8.50 in August was
Q58: Given the following:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Given the following:
Q59: An invoice for $5,000 dated September 1
Q61: The payment terms on a $2,433 invoice
Q62: If a payment of $900 is made
Q63: Benson's SuperMart sets retail prices so that
Q64: An invoice for $7,000 dated September 15
Q65: An invoice for $45,780 has terms of