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Will the series markdown

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Reference no: EM131622617

Question: 1. Will the series markdown of 25% and 30% be more than or less than 55%? Explain why

2. Explain why taking a series of markdowns of 25% and 30% is not the same as taking a single markdown of 55%. Illustrate your answer with a specific example.

Reference no: EM131622617

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