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Examine rate of markdown based on the original selling price

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Reference no: EM131622580

Question: 1. A lamp costs $88. What is the selling price if the markup is 45% of the selling price?

2. A file cabinet originally sold for $215 but was damaged and had to be reduced. If the reduced cabinet sold for $129, what was the rate of markdown based on the original selling price?

Reference no: EM131622580

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