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What will ingrid pay

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Reference no: EM132990212

DeWitt Company sells a kitchen set for $550. To promote July 4, DeWitt ran the following advertisement:

Beginning each hour up to 4 hours we will mark down the kitchen set 9%.

At the end of each hour, we will mark up the set 3%.

Assume Ingrid Swenson buys the set 1 hour 25 minutes into the sale.

Problem a. What will Ingrid pay? (Round your answer to the nearest cent.)

Problem b. What is the markdown percent? (Enter your response as a percentage rounded to two decimal places.)

Reference no: EM132990212

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