A Product Costing $350, Less 30%, 20%, and 10%, Sells

Multiple Choice

A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. During a sale, the product is marked down by 40%. What is the single equivalent trade discount?

A) 50.4%
B) 50%
C) 49.6%
D) 40%
E) 60%