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What is the rate of markdown on the demonstrator unit

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Question - Standard Appliances obtains refrigerators for $1,630 less 26% and 10%. Standard's overhead is 16% of the selling price of $1,695. A scratched demonstrator unit from their floor display was cleared out for $1,330.

Required -

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

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

c. What is the operating profit or loss on the demostrator unit?

Reference no: EM133032367

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