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Examine the markdown amount and the rate of markdown

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Reference no: EM131622511

Question: 1. Drewrey's Market pays $0.30 per pound for 300 pounds of peaches. On average, 5% of the peaches will spoil before they sell. Find the selling price per pound needed to obtain a 180% markup on cost.

2. An item sells for $48 and is reduced to sell for $30. Find the markdown amount and the rate of markdown.

Reference no: EM131622511

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