What was the regular selling price of the notebooks

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Reference no: EM133508343

Question: A store purchased 60 notebooks at a price of $2.00 each. It sold 10 notebooks at the regular selling price, 30 at a markdown price of $4.00, and the remaining at cost.

a. What was the regular selling price of the notebooks if the store maintained a net markup rate of 50% based on total sales?

b. What will be the rate of markup on the regular selling price?

Reference no: EM133508343

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