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The Cell Kios Buys Android Smartphones at $550 Less 40

Question 181

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The Cell Kios buys Android smartphones at $550 less 40% and 10%. The price is marked up to allow for overhead of 50% of cost and profit of 35% of cost. The unit on display in the store is scratched. What rate of markdown from the regular price can the store offer if it is to recover only half of the unit overhead costs?

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