The percent of each markdown in a series of markdowns is based on the:
A) original selling price
B) marked up selling price
C) previous selling price
D) gross margin

Question

Quizplus · Accepted Answer

The percent of each markdown in a series of markdowns is based on the previous selling price. This means that each subsequent markdown is calculated based on the most recent price after the last markdown was applied, not the original or marked-up selling price.

The Percent of Each Markdown in a Series of Markdowns