Reference no: EM132542825

$Markdown Cancellation ($MD Cancellation)

Question 1) The Umberto Company opened a new branch store and ran an ad in the local paper for a 2 for 1 sale. 37 blouses, which regularly sold for $32.00 each, would now sell for $1600 each. After the promotion, 23 blouses remained and were returned to their original retail price. What was the $MD cancellation?

Question 2) At the conclusion of a sale, you have 12 items remaining at the reduced price of $12.50 each, and you must return these 12 items to their original retail price of $18.50 each. What is the $MD cancellation?

Question 3) 36 belts were marked down for a sale. The belts had originally sold for $15.50 each, but were marked down to $10.50 each during the sale. During the sale, 17 were sold at the reduced price. After the sale, the belts remained unsold were returned to their original price. What is the $MD Cancellation?