Short Answer
a) Merchant A operates on a rate of mark-up on cost of 45%. If she later marks the price of a few items down to their cost price in order to attract additional customers to the store, what rate of markdown can she advertise?
b) Merchant B operates on a rate of mark-up on selling price of 45%. If he later marks the price of a few items down to their cost price in order to attract additional customers to the store, what rate of markdown can he advertise?
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a) 31.03%;...View Answer
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