A television set costing $260 was marked up by 35% of the selling price. During a sale, the item was reduced to $300. What was the rate of markdown during the sale?
A) 33.3%
B) 15.4%
C) 13.3%
D) 25%
E) 35%
Correct Answer:
Verified
Q100: Rick's sells a motorcycle for $5000, less
Q101: Nagano Corporation purchased machinery for resale. The
Q102: At the sale price, what was the
Q103: Office furniture is purchased for $4,685 less
Q104: Bastic Corporation purchased industrial furnaces for $4,015
Q106: An item costing $50 was marked up
Q107: A retailer sells all goods on a
Q108: Benson's SuperMart sets retail prices so that
Q109: Marco purchased a high-end stove for $5,267
Q110: What was the profit (loss) at the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents