Rate of markdown on the demonstrator unit

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Reference no: EM133209421

Standard Appliances obtains refrigerators for $1,610 less 27% and 5%. Standard's overhead is 19% of the selling price of $1,680. A scratched demonstrator unit from their floor display was cleared out for $1,325.

a. What is the regular rate of markup on cost?

b. What is the rate of markdown on the demonstrator unit?

Reference no: EM133209421

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