Solution-Markdown and what was the profit or loss

Markdown and what was the profit or loss

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Reference no: EM131782603

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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Markdown and what was the profit or loss

Reference no: EM131782603

Reference no: EM131782603

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