Determine the cost-the regular price-normal selling price

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Canadian Car Company has just introduced its latest model, theCheetah. Andretti's Cars, the local dealer, purchased one ofthe cars for $27685 less 30%. Andretti's marks all vehiclesat a list or sticker price that allows them to maintain a markupbased on cost of 25% and offers a discount of 20% (for it'smidsummer sale). During its annual midsummer sale the care wasadvertised at $27995. Determine the cost, the regular price, thenormal selling price, and the midsummer sale markdown rate.

Reference no: EM13259678

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