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Markdown and what was the profit or loss

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Please show calculation steps to the following problem:

Central Ski and Cycle purchased 50 pairs of ski boots for $350 per pair less 30% and 10%. The regular rate of markup on selling price of the boots is 50%. The store's overhead is 25% of the selling price. During a January clearance sale, the price was reduced to $325 per pair. What is the rate of markdown and what was the profit or loss on each pair of boots at the sale price? Answer to the nearest cent.

Reference no: EM131782603

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