Determine the net rate of markup based on total cost

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Question: Ace of Diamonds purchased 70 diamond bracelets at $225 each and the regular selling price was $300. The store sold 50% of the diamond bracelets at the regular selling price. During a sale, it sold another 25 at a markdown of 15%. The remaining units were sold at an additional markdown of 10%. Determine the net rate of markup based on total cost.

Reference no: EM133508382

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