The manager of a home and garden store buys patio furniture sets for $580 each and marks them up by 50% of cost. In late August, he clears out remaining inventory at a 30% markdown. Determine:
a. The clearance price
b. The rate of markdown (from the regular price) to sell the floor display set at cost

Question

Quizplus · Accepted Answer

The Answer of The manager of a home and garden store buys patio furniture sets for $580 each and marks them up by 50% of cost. In late August, he clears out remaining inventory at a 30% markdown. Determine:
a. The clearance price
b. The rate of markdown (from the regular price) to sell the floor display set at cost

The Manager of a Home and Garden Store Buys Patio