What markdown rate can the store offer

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Question - Rainbow Paints is discontinuing a line of paint that it purchased at $44 less 25% and 12% per 4-L pail. The store's overhead is 50% of cost, and normal operating profit is 25% of cost. If the manager of the store is prepared to accept a loss of one-quarter of the overhead expenses, what markdown rate can the store offer in order to clear out the paint?

Reference no: EM132924484

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