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What is the regular selling price of the boots

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Devin, a shoe store owner, purchases snow boots for $70 each and has a rate of markup of 28.00% on cost. In January, he marks them down to a reduced selling price of $62.50.

Problem a. What is the regular selling price of the boots?

Problem b. What is the rate of markdown in January?

Reference no: EM132965942

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