An item costing $50 was marked up by 60% of the selling price. During a sale, the item was reduced to $75. What was the rate of markdown during the sale?
A) 6.25%
B) 60%
C) 40%
D) 50%
E) 33.3%

Question

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The Answer of An item costing $50 was marked up by 60% of the selling price. During a sale, the item was reduced to $75. What was the rate of markdown during the sale?
A) 6.25%
B) 60%
C) 40%
D) 50%
E) 33.3%

An Item Costing $50 Was Marked Up by 60% of the Selling